Loan Archives — Page 3 of 3 — City Business News

April 27, 2020 No Responses

Virgin Atlantic Seeks Bailout, Commercial Loan

Virgin Atlantic says it is still in talks with the UK government about a coronavirus-related bailout. It follows reports in the Sunday Telegraph that billionaire Virgin Group boss Sir Richard Branson is seeking a buyer for the airline. Virgin Atlantic...

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

February 8, 2020 No Responses

Sokoto Secures N65.7b Loan For Agriculture, Infrastructure Development

Sokoto state government is to secure N65.7 billion loan to finance agricultural programmes, housing, water supply and enhance judicial administration in the state. The Secretary to the state government, Alhaji Saidu Umar disclosed this while addres...

January 9, 2020 No Responses

CBN Retains Minimum 65% Loan Deposit Ratio

The Central Bank of Nigeria (CBN)has retained the minimum 65 per cent of Loan Deposit Ratio (LDR) in the interim. The CBN made this known in a circular signed by its Director of Banking Supervision, Mr Ahmad Abdullahi in Abuja...

November 29, 2019 No Responses

FMBN Releases N5.4b Loan To Build 664 Houses

The Federal Mortgage Bank of Nigeria (FMBN) has released about N5.4 billion to some cooperative societies to build 664 houseing units. The Managing Director of the bank, Mr Ahmed Dangiwa made this known at the 4th Annual Conference of Federal...

October 22, 2019 No Responses

U.S-Nigeria Trade Council Faults $3b Power Sector Loan

The U.S.-Nigeria Trade Council has advised the Federal Government to stop taking fresh loans, pointing out that the country “can’t afford it any longer”. Reacting to the proposed $3billion power sector loan from the World Bank, the council explaine...

October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...

September 2, 2019 No Responses

LNG Firm Secures $180m Loan

Bermuda-registered shipping company, Golar LNG has secured a number of charter deals and a new loan, the company said in its second quarter of 2019 financial report. Namely, Golar LNG fixed four LNG carriers on floating rate contracts and two...

August 29, 2019 No Responses

Zenith Bank Explains Education Loan For Children

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced the Zenith Children’s Account (ZECA) Education Loan to assist parents pay their children/ wardsschool fees as the new school session begins. The loan offering, which is disbursed dire...

December 15, 2018 No Responses

States In Nigeria To Access World Bank’s $750m Loan, Grant

The 36 states in Nigeria and the Federal Capital Territory (FCT) will soon access World Bank’s 750 million dollar loan, grant. The Minister of Finance, Mrs Zainab Ahmed, said this on Friday in Abuja while addressing the 7th Community of...

November 2, 2016 No Responses

Presidency to offer more explanations on quest for $30B loan

The Presidency is to further brief the National Assembly on the urgent need for Nigeria to secure $30Billion international loan. The Nigeria Senate had on Tuesday unanimously, threw out President Muhammadu Buhari’s request for external loan of $29.96 bill...

August 12, 2016 No Responses

Diamond Bank explains online loan application platform

By Moshood Aliyu – Diamond Bank has raised the bar in Nigeria’s financial services sub-sector with the introduction of an online loan application platform that allows customers to request for a loan, monitor and receive automatic feedback on the...