60,000 Small Businesses Gets MFB N50bn Loans Hasal Microfinance Bank Limited has disbursed loans totalling N50bn to about 60,000 small businesses in Nigeria. According to the firm’s Managing Director/Chief Executive Officer, Rogers Nwoke, the loans were mainly disbursed to small business owners who could not access...

Manufacturers Receives N2tn Loans From Banks In A Year A total of N2.01tn was granted as loans by the Deposit Money Banks to the manufacturing sector within one year covering July 2017 to June 2018, an analysis of the banking sector credit report of the...

FG To Increase Loans To Artisans - Osinbajo Vice-President Yemi Osinbajo has said that the Federal Government will extend its different loan projects to more low and middle entrepreneurs in the country. He said this during a town hall meeting in Bariga/Somolu, Lagos State to felicitate...

NIRSAL Facilitates $375m Bank Loans To Agric Sector Since incorporated in 2013 by the Central Bank of Nigeria, a total of $375m has been facilitated by the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending from Deposit Money Banks for the agricultural sector. The Managing Director,...

FG, BoI Support Traders With Interest-Free Loans The Federal Government and the Bank of Industry on Tuesday gave out interest-free loans to traders in various markets across Lagos. The loan facility, tagged ‘Market Moni’ and ‘Trader Moni’, would see petty traders receive between N10,000 and N100,000...

DBN To Provide Credit Guarantees, Targets N60bn Loans   The Development Bank of Nigeria Plc plans to set up a subsidiary that will provide partial credit guarantees to lenders, while targeting as much as N60bn ($166m) of loans this year. The Chief Executive Officer, DBN, Tony Okpanachi,...