Tag: Loans

With a 24.99 percent increase in just three months, Nigeria's overall public debt has risen to N121.67 trillion, according to the Debt Management Office. This increased amount is based on ...

Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from ...

The Socio-Economic Rights and Accountability Project (SERAP) has called on the World Bank to suspend loans to Nigeria's 36 states until proper accountability is provided for previous funds. This request ...

Major Nigerian banks listed on the Nigerian stock exchange have reported substantial interest income in the first nine months of 2023, driven by a significant increase in their aggregate loan ...

In the face of skyrocketing inflation rates, a recent study conducted by SBM Intelligence has unveiled a significant shift in the financial habits of Nigerians. The study discloses that a ...

According to Central Bank of Nigeria (CBN) data, outstanding consumer credit in Nigeria fell by 6.78% to N1,933.18 billion at the end of June 2022, down from N2,073.76 billion in ...