Loan Archives — City Business News

June 24, 2024 No Responses

FCMB-TLG Private Debt Fund Opens For Investment

FCMB Asset Management Limited (FCMBAM), recently, held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.The Fund, which has been approved by the Securities and Exchange Commission, is sponsored and managed by FCMB...

April 18, 2024 No Responses

NPA Secures $700m Citibank Loan

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Wednesday signed the Mandate Letter to secure a $700m Citibank loan to be funded by the UK Export Finance, UKEF. City Business News report that the loan is to...

January 4, 2023 No Responses

Edo Explains BoI Partnership, Loan Support For Persons Living With Disability

Loans disbursed by Edo State Government and the Bank of Industry (BOI) have promoted the expansion of businesses operated by persons living with disability, Managing Director, Edo State Skills Development Agency (EdoJobs), Mrs. Violet Obiokoro, has said. ...

August 29, 2022 No Responses

Ecobank Nigeria Unveils Special Loans, Remittances Scheme

Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s understanding...

August 4, 2022 No Responses

FG Secures $134m Loan From AfDB To Boost Wheat Production

The Federal Government has obtained a $134m loan from the Africa Development Bank (AfDB) to boost wheat production. Minister of Agriculture and Rural Development, Dr Muhammad Mahmoud, said this in Abuja while briefing State House correspondents on the implem...

June 27, 2022 No Responses

FirstBank Unveils Single-Digit Loan For Female Entrepreneurs

By Moses Ebosele, ebosele@hotmail.com — The management of First Bank of Nigeria ltd has unveiled the FirstGem fund (FirstGem loan), a single-digit loan scheme, targeted at female entrepreneurs. In a statement on Sunday, Folake Ani-Mumuney, the ban...

May 19, 2022 No Responses

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday...

May 6, 2022 No Responses

Benue Assembly Approves Ortom’s N41.39b Loan Request

Benue House of Assembly on Friday approved request of Gov. Samuel Ortom’s loan of N41.39 billion for payment of salary, pension and other emolument arrears. The approval followed a letter of request from the governor to the Assembly which...

March 13, 2022 No Responses

NDE Disburses Resettlement Loans In Ebonyi

The National Directorate of Employment (NDE), has disbursed resettlement loans to no fewer than nine graduates in Ebonyi State under its Environmental Beautification Training Scheme (EBTS). The Director-General of the Agency, Malam Abubakar Nuhu-Fikpo, d...

December 15, 2021 No Responses

Reps Approve FG’s $5.8b Loan Request

The House of Representatives has approved President Muhammadu Buhari’s loan request of 5.8 billion dollars.The approval followed the adoption of the report of the House Committee on Aids, Loans and Debt Management on Tuesday in Abuja.Presenting the report, R...

December 8, 2021 No Responses

CBN Earmarks N5b Loan For Investors

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information in the apex bank’s website revealed that the initiative was design...

November 5, 2021 No Responses

Enugu Assembly Approves N15b Loan Request From CBN

The Enugu State House of Assembly has approved a N15 billion loan request by the Enugu State Government from the Central Bank of Nigeria (CBN).The loan request was contained in a letter to the house read by the Speaker, Chief...

August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...

August 9, 2021 No Responses

FirstBank Lifts FirstMonie Agents With N100b Loan

First Bank Nigeria has been at the forefront of promoting financial inclusion in the country, impacting Nigerians, regardless of their locations nationwide. The Bank currently has over 120,000 Firstmonie Agents spread across 772 Local Government Ar...