Loan Archives — Page 2 of 3 — City Business News

July 16, 2021 No Responses

Sokoto Secures Approval For N6.26b Loan From Zenith Bank, Others

The Sokoto State House of Assembly on Thursday approved the request of Governor Aminu Tambuwal to secure N6.26 billion loan from Zenith Bank, TAJ Bank and Sterling Bank PLC. The resolution followed a motion moved by Malami Basakkwace (PDP) and...

July 16, 2021 No Responses

FirstBank Empowers Firstmonie Agents With N100b Loan

First Bank of Nigeria Ltd has empowered Firstmonie agents with the sum of N100 billion through its agent credit scheme. In a statement on Thursday, FirstBank Group Executive, e-Business & Retail Products, Chuma Ezirim explained t...

April 22, 2021 No Responses

Senate Approves Buhari’s $1.5b, €995m External Loan Requests

The Senate on Wednesday approved $1.5billion and €995million external loan requests From President Mohammadu Buhari. The approval was sequel to the consideration of the report of the Senate Committee on Local and Foreign Debts presented by its Chairman...

February 8, 2021 No Responses

First Bank Hits 86,000 Firstmonie Agents, Empowers More Nigerians

As part of measures to promote the business activities of its foremost agent banking platform, Firstmonie Agents,Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities of up to o...

January 28, 2021 No Responses

Ecobank Pledges To Boost MSMEs Lending With N50b Bilateral Subordinated Loan

Ecobank Nigeria newly sourced N50 billion credit will be deployed to support Micro, Small and medium scale enterprises (MSMEs) and small corporates in the country, Managing Director, Patrick Akinwuntan has said. He pointed out that the bank recognizes MS...

December 19, 2020 No Responses

May & Baker Accesses N2.5b CBN COVID-19 Intervention Fund

May & Baker Nigeria Plc has accessed N2.5 billion from the Central Bank of Nigeria (CBN) N100 billion intervention fund for the healthcare sector to cushion the COVID-19 impact. The Managing Director, May & Baker Nigeria Plc, Mr Nnamdi Okafor,...

December 18, 2020 No Responses

Sokoto Seeks N30b Loan From Access Bank

Sokoto State Governor, Aminu Tambuwal has requested the approval of the State House of Assembly to secure N30 billion loan facility from Access Bank to part fund the 2021 Budget. Tambuwal, in a letter dated Dec. 16, addressed to the Speaker,.....

December 9, 2020 No Responses

NEPAD Earmarks $2b For Nigerian Farmers

New Partnership for Africa’s Development (NEPAD) has earmarked $2billion to empower smallholder farmers in Nigeria, National Coordinator, Princess Gloria Akobundu, disclosed on Tuesday. According to Akobundu, the money will help boost food sufficiency in Nig...

November 24, 2020 No Responses

Bayelsa Explains N17b Loan

Bayelsa State Government has explained that the N17 billion facility it is processing is for the purpose of boosting the state’s economy through the development of its agricultural sector, create jobs and raise its internally generated revenue profile.&n...

November 23, 2020 No Responses

Katsina Disburses N2b Loan To 90,677 Traders, Small Businesses

The Katsina State Government has disbursed N2billion as loan to 90,677 traders and small business owners in the state to boost economic activities. Alhaji Abdulkadir Mohammed-Nasir, the Special Adviser to Gov. Aminu Masari on Economic Empowerment made th...

November 16, 2020 No Responses

Agric Firm To Facilitate N5.7b Loan For 25,000 Farmers

An agritech focussed company, Farmcrowdy Limited (FC) has pledged to impact 25,000 farmers across Nigeria through its Structured Financing of N5.7 billion. The Chief Financial Officer and Business Leader, FC Structured Finance, Mr Oluwakotanmi Ojo, m...

October 7, 2020 No Responses

First Bank Disburses N17b Loans Through FirstAdvance

First Bank of Nigeria Limited has disbursed over N17billion across the country through FirstAdvance, its digital lending solution. A statement explained that FirstAdvance is designed to offer a convenient and easy access to cash for salary earners ...

June 24, 2020 No Responses

Access Bank Unveils Digital Cashflow Lending For SMEs

As part of effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cashflow Loans by Access”. A statement issued by Access Bank explained that the portal...

May 31, 2020 No Responses

Stockbrokers Implore Nigerians On FG’s N150b Sukuk

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 billion Sukuk, a profitable financial instrument presently on sale to the investing pu...