FastCash supports Nigerians with 2m digital loans worth N59bn

April 26, 2022 David Agba 0

FastCash, the fastest-growing instant loan solution in Nigeria, has hit its two millionth loan disbursement. All the loans disbursed by the platform are worth N59 billion and have helped customers from different walks of life meet urgent financial needs and achieve their short-term objectives. This milestone is particularly significant because of its financial inclusion benefits. Every FastCash loan closes the Read More

Ecobank Nigeria extends low interest loans to market women

February 22, 2022 Segun Odunewu 0

Ecobank Nigeria has extended easy and low interest loans to market women in Idanre, Ondo State through its Ecobank Female Entrepreneurship Initiative (EFEI), to boost and expand their trading businesses. Unveiling the scheme at Owa’s Palace, Idanre, Head of Classic Banking, Ecobank Nigeria, Femi Ogundairo, said the Ecobank Female Entrepreneurs’ Initiative loan was specially designed by the bank to financially Read More

Nigeria ser to borrow N150bn through bond issuance

February 14, 2022 Blessing Anaro 0

The Debt Management Office (DMO) says it will auction N150 billion federal government bonds to investors on Wednesday, February 16, 2022. This agency announced this in a circular recently published on its website. A bond is a fixed income instrument that represents a loan made by an investor to a borrower — typically corporate or government. According to the circular, Read More

Banks grant over N3trn in CBN intervention loans

February 14, 2022 Amaka Ifeakandu 0

Central Bank of Nigeria (CBN) has said that banks have granted over N3 trillion loans in intervention loans that have been one of the critical ingredients for the economic recovery and employment generation in the country. The Governor , CBN, Godwin Emefiele who disclosed this while addressing financial journalist virtually after Bankers Committee meeting said specifically, the banks disbursed a Read More

Online loans: Reps seek stiffer measures against undue harassment

December 8, 2021 Blueprint 0

The House of Representatives has moved to introduce stiffer measures against online loan providers in the habit of harassing supposed guarantors, who in most cases know nothing about such loans. The House Wednesday mandated its relevant committees, including that of Banking and Currency, and of Communications to investigate the trend and report the findings back, for the House’s further legislative Read More

First Bank: Expanding customers’ access to loans

November 23, 2021 Blueprint 0

First Bank of Nigeria Limited has developed different loan products to enable her customers have access to loan without much stress to settle their pressing needs. AMAKA IFEAKANDU in this report looks at the entire products and their impacts on the bank’s customers The outbreak of COVID-19 pandemic crippled business activities across the world and visited a lot of hardship Read More

Gombe: Blazing on despite inherited burdensome loans

November 7, 2021 Tahir Ibrahim Tahir 0

I have had cause to write numerous times about Gombe state, and the wonderful job Gov. Inuwa Yahaya is doing in the state. On the 4th of March, 2019, in an article titled ‘Gombe, on the cusp of economic transformation’, I wrote about his efforts on the reticulation and water works, to bring water to areas like Wuro Juli, Tabra, Read More