Home » Archives by category » Bank Loans

Banks Refuse Naira Payment From Etisalat Nigeria

Banks Refuse Naira Payment From Etisalat Nigeria

According to reports by Reuters News Agency, banks are refusing Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira. They are proposing that and want Abu Dhabi telecoms group Etisalat and its other shareholders to recapitalise it instead, a source said. A banker with knowledge of the negotiations told Reuters […]

Change Of Leadership In TCN Not Condition For $174m AfDB Loan – Fashola

Change Of Leadership In  TCN Not Condition For $174m AfDB Loan – Fashola

Federal Government has said the change of leadership in the Transmission Company of Nigeria (TCN) is not a condition for the granting of $174 million to Nigeria by the African Development Bank (AfDB). The appointment of Isman Gur Mohammed as the managing director of the TCN had generated uproar as the electricity workers’ union had […]

Banks Non Performing Loan Rise By N576.5bn In Two Year

Banks Non Performing Loan Rise By N576.5bn In Two Year

Non-Performing Loans (NPLs) in the banking industry increased by a whopping N576.5 billion in two years , Afrinvest West Africa, has said in its 2016 Review and 2017 Outlook report.   Commercial banks’ assets have depreciated in the last two years, with provisions for NPLs hitting N856.9 billion.   The report showed that provisions for NPLs […]

Banks Face Capital Raising, Mergers, Acquisitions, If Naira Weakens Further

Many Nigerian banks will be forced to raise fresh capital to boost their operations if there is any further weakening of the naira, analysts at Afrinvest say. “Quite a number of mid-tier banks and some of the weaker large tier banks are in that space where a slight movement in exchange rate might force them […]

Heritage Bank Empowers Young Entrepreneurs

Heritage Bank Empowers Young Entrepreneurs

As the need to support young Nigerians with great business ideas grows, Heritage Bank Limited says it has collaborated with the Nigerian Young Professionals Forum to intensify its support for young entrepreneurs with N50m under the Young Entrepreneurs and Students Grant Scheme. In a statement on Monday, the lender said the grant was awarded to about […]

Most Nigerian Banks Charge 30% For Mortgage Loans

Most Nigerian Banks Charge 30% For Mortgage Loans

The Central Bank of Nigeria has released its monthly deposit and lending rate report showing how much banks interest banked charged for borrowing and how much they paid for deposits. As has been the case for years, the margin between deposit and lending rates was over 25% on the average an indication that the CBN’s […]

How To Protect Yourself As A Loan Guarantor

How To Protect Yourself As A Loan Guarantor

Becoming someone’s guarantor should not be taken lightly; it is far riskier than simply giving a character reference. *Try to limit your liability: Many guarantees cover all of a borrower’s obligations to a lender (these are called “All Obligations” guarantees). This means that if you agree to guarantee someone’s car loan, you could be unwittingly […]

How You Can Quit As A Loan Guarantor

How You Can Quit As A Loan Guarantor

It is not very easy to wriggle out of your role as a guarantor in case the original borrower defaults. Nevertheless, you can still come out of the situation. Becoming a guarantor for a loan is a huge responsibility. It means you are providing a guarantee to the lender that you will repay the debt […]

CBN To Increase Support For Rice Farming

CBN To Increase Support For Rice Farming

The Central Bank of Nigeria (CBN) has pledged to increase its support for rice farming across the country. CBN Governor, Mr. Godwin Emefiele, made this promise while inspecting rice farms in Itane, Ketar Fulani and Gwadan Gwaji villages in Kebbi State. Mr. Emefiele, who expressed satisfaction with the yield of farmers that hearkened to the […]

Types Of Bank Loans

deciding what type of loan you need can be a little overwhelming because bank loans come in many shapes and sizes. Here are different types of bank loans: Fixed rate: Fixed rate loans are among the most common consumer loans. Fixedrate loans keep the same interest rate throughout the life of the loan. The interest […]

Page 1 of 41234
Contact Us