Tinubu writes Senate, seeks approval to borrow $5 billion
In another letter to the Senate, President Tinubu is seeking approval to borrow $1 billion UK/EF loan facility from London Citi Bank for the rehabilitation of port projects, including Lagos Port complex and Tin Can port.
Banks’ nonperforming loans fall by 41% in 2019
Nonperforming loans (NPL) in the banking sector fell by 41 percent, year-on-year (YoY) to N1.05 trillion in 2019 from N1.79 trillion in 2018.
Police, banks helpless, as online loan fraud emerges
The emergence of online loans accessed through digital platforms of banks and financial technology companies, Fintechs, may have provided new opportunities for bank customers.
Bayelsa not taking new loans — govt
YENAGOA—OUTGOING Government of Bayelsa State, yesterday said it was not taking a fresh loan, even as it said the current budget would run till the end of its regime.
Buhari’s foreign loans: Matters arising
PRESIDENT Muhammadu Buhari sought for legislative approval for external loans during the eighth Senate but was turned down. Amongst them was US$29.96billion loan which, according to the object, was to fund critical infrastructure in the country. The Senate bawled that loans cannot be an option at all.
Border closure: Rice dealers want loan, count gains
Some rice farmers have appealed to the Federal Government to provide them with affordable loan facilities to boost production to reduce the price of the commodity as they described the border closure as a welcome development. The News Agency of Nigeria (NAN) reports that the price of a 50kg bag of local rice, which sold […]
