Business owners need to be aware of the criteria lenders and investors use when evaluating the creditworthiness of entrepreneurs seeking financing.
MSMEs must take the following steps for loan readiness.
The MPC urged the CBN to increase its lending to the government as it believes it will help reflate the economy from its recession.
Lagos to fund 2021 budget deficit of N192.494 billion by a combination of internal and external loans.
Here are a number of ways to raise funds for your business.
Nigerian banks increased lending in June 2020 despite the effect of the covid-19 pandemic.
Manufacturing and general commerce sectors constitute the bulk of the restructured facilities.
Banks' loans increased by more than N1 trillion during the first three months of 2020.
Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid to braze themselves for recapitalisation.
GTBank, Access Bank, Zenith Bank, United Bank of Africa and First Bank (FUGAZ) gave N9.34 trillion loans to their customers in H1 2019.