Bad Loans Rise in Nigerian Banks Despite Increased Lending
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
Category : Search result: credit conditions
Nigerian Banks Eye Fresh Lending Growth in 2026
Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.
N200bn Private Debt Fund Launched for Nigerian SMEs
ARM Investment Managers unveils a N200 billion private credit fund to provide long-term financing for scalable SMEs in Nigeria, addressing a critical gap in the economy. Discover how this initiative aims to boost job creation and economic growth.
Access Bank, Visa Launch Corporate Card for Nigerian Businesses
Access Bank partners with Visa to launch a new Corporate Credit Card for Nigerian enterprises, offering up to 45 days interest-free credit and digital expense tracking to boost cash flow and governance.
Access Bank, Visa Launch Corporate Card for Nigerian Firms
Access Bank partners with Visa to launch a new Corporate Credit Card for medium & large Nigerian businesses. It offers a 45-day interest-free period and digitizes expense tracking via the Visa Spend Clarity platform.
Fourth Palestinian Baby Freezes to Death in Gaza
A fourth Palestinian infant has died from hypothermia in Gaza this winter, highlighting a dire humanitarian crisis as power cuts cripple hospitals and families struggle in flooded tents.
Expert: Consumer Credit Key to Boosting Local Production
Aviation expert Capt. Samuel Caulcrick urges expansion of consumer credit for local goods to stimulate production, create jobs, and curb imports. Discover his economic strategy.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Dangote Refinery Offers 10-Day Credit, Free Fuel Delivery
Dangote Refinery introduces a 10-day credit facility and free logistics for petrol stations, slashing the gantry price to ₦699/litre. This strategic move aims to ease cash flow and distribution costs for dealers nationwide.
NIRSAL Guarantees Over ₦100bn for Farm Loans in 2025
NIRSAL Plc has guaranteed over ₦100 billion in agricultural loans for 2025, a record high. Discover how this is boosting lender confidence and transforming Nigeria's agribusiness sector.
FG Orders Road Contractors to Stay on Site for Christmas
Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.
Court Sets Fresh Bail Conditions for Ex-Minister Chris Ngige
A Federal High Court in Abuja has allowed former Labour Minister Chris Ngige to remain on EFCC bail but imposed stricter conditions, including a federal director surety. Ngige faces ₦2.2bn corruption charges.
Tinubu Talks Fail, NLC Proceeds With Nationwide Protest
NLC protests surge in kidnappings & economic hardship after talks with President Tinubu collapse. See details of the Abuja & Lagos demonstrations.
Kim Kardashian's Early Business Struggles with Bad Credit
Billionaire Kim Kardashian opens up about her early financial struggles running Dash, relying on Kourtney's credit card. Discover her journey from bad credit to business success.
NAFDAC Shuts Unhygienic Kaduna Yoghurt Depot
NAFDAC has sealed a yoghurt and flavoured drink depot in Kaduna over unhygienic operations posing serious contamination risks. The agency vows more enforcement checks.
Foundation Gives Business Aid to 25 Special Needs Parents
The Oyetty Foundation marked its 3rd anniversary by providing business support to 25 parents of children with special needs in Lagos and gifting a Suzuki Mini Bus. Discover how this initiative is transforming lives.
Man Rages After Visiting Aunty Esther at Nigerian Hospital
A Nigerian man shares his firsthand, distressing account of visiting a relative at a hospital, exposing critical issues. Read his full story and witness testimony here.
$50m Credit Boost for Northern Nigeria MSMEs
British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.
CrediCorp's New Credit Scheme for Smartphones, Laptops
CrediCorp launches a digital device credit programme to help over 15,000 Nigerians afford smartphones and laptops. Apply now to boost your productivity and join the digital economy.
FG Launches Device Credit for 15,000 Nigerians
The Federal Government, via CREDICORP, launches a national digital device credit programme to make smartphones and laptops affordable for over 15,000 working Nigerians, boosting digital inclusion.
UBA MD: Bank Credit is Not a Gift, Must Be Repaid
UBA MD Oliver Alawuba cautions Nigerians to treat loans responsibly as bank lending hits N46.7 trillion. CIBN also addresses 'Japa' impact with new fund. Read more.
Court dismisses NAIC appeal in N200bn agric dispute
Appeal Court affirms First Bank's victory over NAIC in N200bn agric credit scheme dispute. Justice Abang dismisses appeal as 'grossly misconceived'. Read the full legal analysis.
NICA Hosts Credit Conference & Awards in Lagos
The National Institute of Credit Administration hosted its 2025 Credit Managers conference and 10th Annual Nigeria Credit Industry Awards in Lagos to strengthen Nigeria's credit system.
CeBIH Demands Cultural Shift for Consumer Credit
Committee of e-Business Industry Heads urges Nigerians to rethink consumer credit to drive financial inclusion and economic growth ahead of 2025 conference.
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
FairMoney Launches ₦5M Loan for Nigerian Pros
FairMoney Microfinance Bank launches FlexiCredit, offering Nigerian professionals loans up to ₦5 million. Learn eligibility, interest rates, and how to apply.
PDP Considers 2027 Opposition Coalition
New PDP chairman Kabiru Turaki reveals party's openness to opposition coalition for 2027 elections. ADC sets conditions for alliance while APC dismisses talks. Read latest political developments.
Ekondo MFB Launches WaterCredit Loans with Partners
Ekondo Microfinance Bank partners with NAMB and Water.org to launch EKWASH and EKPURELYFE loan products, expanding access to water and sanitation facilities across Nigeria.
Regina Daniels' Brother Sammy Regains Freedom
Samuel Ojeogwu, known as Sammy West and brother to actress Regina Daniels, has been released from prison after meeting bail conditions. The Abuja court granted bail following charges including criminal conspiracy and assault.
Swedish Authorities Inspect Stegra's Worksite Conditions
Swedish work environment authorities have launched a comprehensive inspection of Stegra's worksite conditions, raising questions about the steel startup's operations and worker safety standards.
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