Tags : Loan

Nigeria- China Debt Now Stands At $3.40 Billion

The  Debt Management Office (DOC) has revealed the Buhari-led government has incurred a loan that totals $2.20 billion from the Chinese government since its inception in 2015. According to the statistics obtained from the DMO, Nigeria’s total debt from China as of June 30, 2015, stood at $1.38bn. However, the country’s debt portfolio from China […]Read More

CBN To Loan $70,000 To SME’s And Households Affected By

 The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has announced the reopening of its portal for Micro Small and Medium Enterprises (SMEs) as well as households affected by COVID-19 to access up to $70,000. According to the Central Bank of Nigeria, household owners whose livelihood was affected by the Coronavirus and business owners […]Read More

DBN Disburses N191.7 Billion Loans In 2020

The Development Bank of Nigeria has said that it the volume of loans disbursed rose from N101.5billion in 2019 to N191.7billion in 2020, a 89 percent increase recorded. It said this in its 2020 financial report explaining that the growth was in line with its mandate of facilitating socioeconomic development by improving financial access for […]Read More

COVID-19: CBN Disburses N149.2bn Loans To Households

As part of measures to reduce the effect of the COVID-19 pandemic, the Central Bank of Nigeria has disbursed N149.21 billion to 316,869 households across the country. After meeting required guidelines, the funds were disbursed through the NIRSAL Microfinance Bank to beneficiaries– the first phase of the N150 billion Targeted Credit Facility (TCF). CBN Governor […]Read More