• Featured

    Gov. Sani unveils N500m loans scheme for workers

    Gov. Sani disclosed this on Wednesday in Kaduna during the 2024 May Day Celebration . Sani symbolically distributed  dummy cheques to some workers amidst cheers while announcing the more economic empowerment initiatives for the workers He also reaffirmed his commitment to prioritise workers’ welfare and equip them appropriately within available resources. Sani emphasised the importance of a motivated workforce for…

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  • Africa

    Loan sharks: FCCPC, others begins joint investigations into lending malpractice

    The Federal Competition and Consumer Protection Commission (FCCPC) says the joint regulatory and enforcement committee to probe rights violation in money lending industry has begun its investigations. The Chief Executive Officer of the FCCPC, Mr Babatunde Irukera, made this known in an interview with the the News Agency of Nigeria (NAN) in Abuja on Monday. He said that the committee…

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  • NEWS

    Default Loans: CBN authorizes settlement using funds in other banks

    Banks in the country will be able to debit the accounts of loan holders in other banks to settle defaults, effective August 1, according to global standing instruction (GSI) guidelines published by the Central Bank of Nigeria (CBN) on Monday. The CBN said the GSI, which was developed in collaboration with stakeholders, should be the last resort used by a bank to…

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  • NEWS

    Polaris Bank disburses billions via health sector loans

    The management of Polaris Bank says it has disbursed billions to support the growth of the Nigerian health sector through tailor-made banking products. The bank said its drive was further re-enforced by the Central Bank of Nigeria’s N100billion health sector support fund set aside to help cushion the effect of COVID-19 on the nation’s economy and the health sector particularly.…

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  • Agriculturezenith Bank ebenezer-onyeagwu__

    Zenith Bank woos farmers with loans

    Following a shortfall in imports occasioned by shortage of the dollar in Africa’s biggest oil-producing country, Zenith Bank Plc has announced that it is prioritising loans to the agricultural industry and other raw-material suppliers. “Companies that will be leaders in the next five years are those who will be sourcing their raw materials locally,” Chief Executive Officer Ebenezer Onyeagwu told…

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  • Energy & Environment

    All On Announces Moratorium on Loan Interest Payments

    Nigerian off-grid impact energy investment company, All On, on Wednesday announced a postponement of all Q2 2020 interest payments on current interest-bearing investments. This decision was taken in recognition of the continued economic impact of the COVID-19 pandemic and in line with the company’s mandate to accelerate the growth of the off-grid energy sector in Nigeria. “As the world grapples…

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  • News

    ICA advocates agency that guarantees access to loans by SMEs

    The Institute of Credit Administration, ICA, has called on the President-elect, General Muhammadu Buhari, to set up a national agency that guarantees access to loans by SMEs, and not to disburse loan to them. In a recommendation to GMB, made available to FV, signed by Registrar/CEO, ICA, Prof. Chris Onalo, “Such agency can be called – Nigerian Credit Guarantee Corporation…

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