Loans to Government Now N42trn – CBN   Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year. According to the Money and Credit Statistics data...

According to the Central Bank of Nigeria, Nigerians have repaid N4.05tn in personal loans during the second quarter of 2024.

Shettima Lauds DBN Over N787bn MSME Loans   The Vice President, Kashim Shettima, has lauded the Development Bank of Nigeria for its contributions to the growth of micro, small, and medium enterprises in Nigeria. In a statement made available to our correspondent on Sunday, Shettima commended the...

Subsidy: FG to Begin Disbursement of Grants, Loans to Businesses   As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme...

President Tinubu Seeks Fresh $8.699bn, €100m Loans   Barely one month after seeking approval for $7.8 billion and €100 million loans from the National Assembly, President Bola Ahmed Tinubu, again yesterday, asked for fresh foreign loans of $8.699 billion and €100 million. This was revealed in separate...

States Borrow N988trn, Spend N1.7trn on Meals, Trips, others   The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the first nine months of 2023. This is according to an analysis of their...