Tag: Loan
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First Bank recovers N456 billion loan from Heritage Bank prior to license revocation
The News Chronicles can confirm that First Bank has received full repayment of an N456 billion loan extended to Heritage Bank. This recovery represents...
FG Approves Take-Off of N100bn Consumer Credit for Nigerians
President Bola Ahmed Tinubu has approved the commencement of the N100 billion Consumer Credit Scheme for Nigerians amid escalating economic hardship in the country.
The...
Nigerian Government Secures $2.2 Billion Loan from World Bank
Finance Minister Wale Edun has announced the Federal Government's anticipation of a $2.2 billion loan from the World Bank and budgetary support from the...
CBN’s N10 Trillion Intervention: N193 Billion Loans Deemed Lost
With an estimated N10.3 trillion in funding, the Central Bank of Nigeria's Intervention Funds Programme has a 75.8% repayment record.
The study also claims that...
Senate establishes committee to look into N30 trillion ways and means loan
An investigation into the methods and means of providing a N30 trillion loan, interest included, to the federal government has been initiated by the...
