Seven Banks Rake In N570.43bn Interest On Loans H1, 2022   A total of seven banks generated N570.43 billion from loans granted to customers in the first half (H1) of 2022 amidst the hike in the Monetary Policy Rate (MPR). Investigation revealed that the seven banks had...

Bank Loans To Govt Rise To N16.32trn – CBN   The total net credit by the Nigerian banking sector to the government rose by N2.2trn in the first quarter ended March 2022 to N16.32tn. Figures obtained from the Central Bank of Nigeria’s data on ‘Money and credit...

FG Shops For N5.9trn To Deliver Multiple Rail Projects As China Ditters With a protracted delay from China in opening up funds for Nigeria, the federal government is turning to the British market where it expects to raise $14.4 billion (about N5.993 trillion) at least...

'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries' ​A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...

Bank Of Agric Distressed Over Bad Loans, Others – Auditor Ceneral   The Office of the Auditor-General of the Federation has said the Bank of Agriculture may have become distressed as a result of its inability to meet its obligations and provide meaningful service to the...

Agric, Power, Manufacturing Top N23.5trn Loans To Businesses - CBN   The total gross credit to businesses rose from N19.4 trillion to N23.5 trillion in the last one year, representing over 21.1 per cent increase, the Central Bank of Nigeria (CBN), has said. In a state of...