Tag: Loan
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Rising Loan Rates Threaten Nigerian Businesses as Borrowing Costs Surge
With banks charging rates of between 29 and 36 percent, Nigerian companies are becoming increasingly challenged as commercial loan rates continue to soar.
Companies...
S’East Devt Commission Denies Secretly Borrowing N25bn Without Approval
On Monday, the Southeast Development Commission (SEDC) issued a statement denying allegations that it secured a ₦25 billion ‘secret’ loan from a commercial bank...
AC Milan Eye Permanent Deal for João Félix
In a surprising update, AC Milan have expressed their desire to keep João Félix beyond his current short-term loan.
Despite the loan deal from...
BREAKING: Senate Approves Tinubu’s $2.2bn Loan Request
The Senate on Thursday November 21 approved President Bola Ahmed Tinubu’s loan request of $2.2 billion to partially finance the ₦9.7 trillion budget deficit...
FG intends to use bonds and promissory notes to pay off its N1.7 trillion energy debt
By issuing bonds and promissory notes, the Federal Government of Nigeria intends to pay off around N1.7 trillion in outstanding electrical debt.
This strategy is...
