Tag
LOANS
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.
Nigeria's debt profile is set to hit another height as the World Bank confirmed that it is in talks with the Nigerian government to offer another loan to the tune of $2.5 or N767.3 billion
The total loans in Nigeria's banking sector hit N15.35 trillion as at the end of March 2019. This is according to the NBS.
Civil Servants who have begun to enjoy the Federal Government Staff Housing Loan Board Scheme (FGSHLB) are at the risk of losing their homes should they default in payment as and when due.
Finance technology company, Riby Finance Life Technologies Limited has said it is poised to empower Nigeria’s unbanked population with an array of financial services at its disposal.
Passerbys and commuters of Alfred Rewane Road in Ikoyi Lagos have spotted a huge transparent glass box filled with Nairas that float.
The Central Bank of Nigeria (CBN) has called on SMEs to take advantage of opportunities from the bank to boost their businesses, as the apex bank extends a total sum of N66 billion as loans to boost cotton, soya beans and cassava production in Nigeria.@cenbank
The bank's Chief Executive Officer, Mr Peter Amangbo, has disclosed plans by the bank to intensify effort in the area of retail banking.