From lender to borrower: Arise TV’s Rufai Oseni weeps over Nigeria
Nigeria that once had the resources to bankroll the World Bank and the IMF now finds itself among the world’s most persistent borrowers
China will cancel some debt of African countries
By Chu Maoming Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by Chinese President Xi Jinping when he chaired the Extraordinary China-Africa Summit on Solidarity Against COVID-19 in Beijing on […]
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.
