Tag Archives: Loan

…Telecom Stakeholders Brace for Possible Excise Duty Revival Nigerian telecom operators may face the reintroduction of a previously suspended telecom tax as the government negotiates a new $750 million loan from the World Bank. This news comes from a Stakeholder Engagement Plan document obtained by Nairametrics. Recall, President Bola Tinubu …

As the new school session kicks off, the United Bank for Africa (UBA) Plc, Africa’s global bank, has announced its highly anticipated “Back2School” package, designed to provide exclusive discounts and benefits for both children and their parents. Back2School is part of UBA’s commitment to its clients in fostering a seamless …

Sterling Bank Plc has signed a partnership agreement with Credit Café Africa for the distribution of a credit facility template, insurance and other value-added services for existing and potential customers of the bank in the health and education sectors of the economy. Speaking at the signing ceremony of the Memorandum …

Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating 12 other banks. According to a special report on the Nigerian banking performance in the first half of …

The Lift Above Poverty Organisation (LAPO) has said it disbursed N19.9bn through its Rural Development Initiative during the 2021 financial year. The Executive Director, LAPO, Dr Honestus Obadiora, who said this on Friday at the LAPO annual media forum, said the figure represented 64 per cent growth over the N12.2bn …

Data from Nigeria’s apex bank has shown that amid ease in the economy, commercial banks in Nigeria borrowed N9.97trillion from the Central Bank of Nigeria (CBN) between January and July 2021. The CBN financial data revealed that commercial and merchant banks, through the Standing Lending Facility (SLF), between January and …

Central Bank of Nigeria (CBN) has charged Financial institutions in the country to accept jeweleries and motor vehicle particulars as collaterals for loans from small holder farmers. This is in a bid to make Agriculture and Manufacturing sectors the mainstay of the national economy. The Acting Director, Corporate Communications, CBN, …

Chairman of the Leo Stan Ekeh Foundation (LSF), Leo Stan Ekeh, has appointed Engr. Amasike Emelonye as Director General (DG) to head a team set up to manage the N1.5bn revolving loan scheme for entrepreneurs and indigent students in Imo State. ALSO READ: Access Bank reiterates commitment to protect customers against …