loans

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The total non-performing loans in the banking sector in Nigeria hit N1.21tn in February 2022 the Central Bank has revealed. The CBN stated in reports obtained from the Monetary Policy Committee that the total credit in the sector rose to…

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The African Development Bank, Board of Directors have approved a $170m loan to boost a digital and creative enterprises program in Nigeria. This was contained in a press statement titled ‘African Development Bank Board approves $170m for…

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Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria does not default in its repayment of loans, hence its favourable reception in the bond market. The Minister made this known while…

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Kenyans have began signing an online petition asking the International Monetary Fund (IMF) not to give the government any more loans, citing corruption. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition…

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The International Monetary Fund (IMF) has approved the disbursement of a three-year financing package of US$2.34bn for Kenya. This package is to support the East African country's pandemic response and economic reform program;…

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The Development Bank of Nigeria Plc has witnessed an increase in the volume of loans disbursed from N101.5bn in 2019 to N191.7bn in 2020, representing 89% growth, according to its 2020 financial report. This growth is in line…

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Lawan Hamidu, Abuja The House of Representatives has ordered the appearance of signatories to the account of the Auditor General Office to ascertain the utilization of the sum of 125 million dollars borrowed from the World Bank. The…