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What You Need To Know Before Applying For Car Loan

What You Need To Know Before Applying For Car Loan

Banks offer car loans with easy equated monthly instalments, which make it easier to afford a car without disturbing one’s budget. A luxury that one wants to afford after a nice home is a branded car. Owning a car makes one’s life comfortable. You can drive off to work instead of using crowded public transportation […]

Access Bank Takes $13 million Impairment On 9mobile Loan

Access Bank Takes $13 million Impairment On 9mobile Loan

Access Bank Nigeria on Wednesday said it had booked a 4 billion naira ($13 million) impairment on its loan to troubled telecoms firm 9mobile, formerly known as Etisalat Nigeria. Access Chief Executive Herbert Wigwe said the bank had a direct exposure of 11 billion naira to 9mobile, as well as an exposure of 35-39 billion […]

France Gives $513 Million Loan To Iraq

France Gives $513 Million Loan To Iraq

The French government will give Iraq a 430 million-euro ($513 million) loan this year after the nation’s budget was crimped by the fight against Islamic State and the drop in oil prices, according to Agence France-Presse reported, citing the French government. Foreign Minister Jean-Yves Le Drian, visiting Baghdad, told Iraqi Prime Minister Haider al-Abadi at […]

How You Can Access Housing Finance, Pay In 25 Years – CBN

How You Can Access Housing Finance, Pay In 25 Years – CBN

The initiative would have a tenor of 15 years to 25 years, depending on the age of the borrower The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring homeowners. The initiative would have a tenor of 15 years to 25 years, depending on […]

World Bank Concerned About Nigeria’s Rising Debt

World Bank Concerned About Nigeria’s Rising Debt

The World Bank has expressed concerns about Nigeria’s rising debt servicing costs in relations to the government’s dwindling revenue. It stated this in its newly released Global Economic Prospects report, where it also observed that the country’s economic recovery was being limited by foreign exchange controls. Noting that debt servicing costs had risen but remained […]

AfDB Calls For Increase In Lending To MSMEs

AfDB Calls For Increase In Lending To MSMEs

The African Development Bank (AfDB) has called on financial markets to increase affordable loans and provide more diverse and innovative financing instruments to Africa’s micro, small and medium sized enterprises. The Bank maintained that Credit providers need to increase their lending by at least US $135 billion in order to meet demand by African Micro, […]

Nigerian Banks Boost Lending Despite Hard Times

Nigerian Banks Boost Lending Despite Hard Times

Stanbic IBTC Bank Plc, and a few other Nigerian banks, despite the prolonged economic downturn in Nigeria which reached an all-time-high in 2016, made worse by the hard-hitting recession, were still able to provide a significant level of funding to drive and sustain growth in the real sector in critical areas like manufacturing, trade and […]

We Want To Repay Etisalat’s $1.2bn Loan, Not Takeover The Company – Banks

We Want To Repay Etisalat’s $1.2bn Loan, Not Takeover The Company – Banks

We are not telecommunication companies, all we want is our money Consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to the banks who pleaded anonymity in Lagos said that there was no truth in the report […]

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

N541 Billion Debt: Etisalat Nigeria Taken Over By Access Bank, Others

A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with […]

Embrace Low Interest Loans: FMBN Urges Civil Servants

Embrace Low Interest Loans: FMBN Urges Civil Servants

Apart from usual loans given to contributors to build their houses, FMBN has introduced house renovation loan to assist contributors to renovate their houses The Federal Mortgage Bank of Nigeria (FMBN) on Tuesday called on civil servants in Kuje Area Council, FCT to embrace the low interest loans of the bank. Mrs Shakirat Oyawoye, the […]

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