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...

Budget: Power, Finance Projects Get Lion’s Shares Of N1.16trn Loans   The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part...

Why We Continue To Borrow - Fed Govt             The Federal Government on Thursday descended on critics of its frequent request for fresh loans describing them as insincere. The Minister of Information and Culture, Lai Mohammed, spoke for the government during a town hall meeting in Maiduguri,...

NIRSAL Facilitates N128bn Loans For Agribusinesses         The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending says it has about three million farmers on its database and has facilitated over N128bn for agriculture and agribusiness across the country since its inception. The Managing Director/CEO of the agency,...