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...

CBN Awards N5m Loans To Graduates Under New Scheme   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country. Emefiele, at the launch in Abuja, also presented loans...

Reps Okay FG $16.23bn, €1.020bn, Other Loans     The House of Representatives has approved the proposed federal government’s $16.23 billion, €1.020 billion and other loans for project financing under the external borrowing rolling plan. The loan was approved after receiving the report of the House Committee on...

Banks Begin Deduction Of Loans From Chronic Debtors’ Accounts   The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Figures obtained from the Central Bank of...

PenCom, NIRSAL MFB Launch Non-Interest Fund, Loans   The National Pension Commission (PenCom) says it has introduced a non-interest fund (Fund VI) and issued an operational framework for the fund to guide pension contributors and retirees. In a publication, the pension regulatory agency said it was in...

Reps Fault Budget Deficit, Loans, Threaten MDAs     The House of Representatives on Wednesday began the second reading of the 2022 Appropriation Bill during which members debated the general principles of the national budget. The lawmakers took turns to criticise the internal and external borrowings by the...