Households, Businesses Can Apply For N50bn COVID-19 Loans – CBN The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households...

COVID-19 Loans: CBN Disburses N149.2bn To Households     The Central Bank of Nigeria (CBN) disbursed N149.21 billion to 316,869 households to cushion the effects of the COVID-19 pandemic. The funds, which were given out in the first phase of the N150 billion Targeted Credit Facility (TCF), were...

House Moves To Restrict FG On Loans, Agreements, Others       The House of Representatives on Tuesday held a public hearing on the Treaties (Making Procedure) Bill 2020, which sought to review and amend the Treaties (Making Procedure, etc.,) Act of 1993 imposed by the military. The bill...

We'll Increase Agric Loans By 6% - CBN         The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per cent from the current four per cent, indicating a six per cent increase. CBN Governor Godwin Emefiele...

Default On Loans With Collateral Worsened In Q4, 2020 – CBN         The default on loans with collateral worsened in the fourth quarter of 2020, according to the Central Bank of Nigeria. The statistics department of the CBN disclosed this in its fourth quarter ‘Credit condition survey...

One Million Borrowers Got Loans Below 20% Interest Rate - CBN Deputy Gov         The Deputy Governor, Financial Systems Stability Director, Central Bank of Nigeria, Mrs Aisha Ahmad, has said that over one million customers who borrowed money from the Deposit Money Banks got the loans...