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Why 7.5% VAT on diesel may disrupt fuel supply - NARTO

NARTO raises alarm over ‘monopolistic’ tendencies in petroleum

  • 15th February 2026
SERAP sues Wike, governors, over failure to account for N40tn LGA allocations

SERAP drags CBN to court alleged N3tn diversion

  • 15th February 2026
Dangote Refinery loses N32.5bn after petrol price cut

Dangote Refinery boosts Nigeria’s fuel supply to 40.1m

  • 14th February 2026

Nigeria procures 1.37m electricity meters from China via

  • 14th February 2026

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Southern govs commiserate with Kano over Singer market inferno

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Why 7.5% VAT on diesel may disrupt fuel supply - NARTO

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Tag: bank loans

Fraud losses decline in Nigerian banks in Q1 2024 - Report
Banking featured

Banks record surge in household, corporate loan defaults

Banks in Nigeria recorded an increase in loan defaults by households and corporates in the fourth quarter of 2025, reflecting growing repayment pressures on consumers and businesses. The Central Bank of Nigeria disclosed this in its Credit Conditions Survey Report for Q4 2025, which revealed that lenders experienced higher default rates on secured and unsecured […]

featured Investment

Nigeria to invest $460m World Bank loan in fibre company

Nigeria plans to deploy $460m, representing about 92 per cent of a $500m World Bank loan, towards the capitalisation of a proposed fibre infrastructure company to roll out 90,000 kilometres of climate-resilient broadband fibre nationwide. The plan is contained in the Financing Agreement for the Building Resilient Digital Infrastructure for Growth project signed between the […]

News

Personal loans to banks fall by 53.9%

Personal loans owed by Nigerians to commercial banks dropped sharply from N7.52 trillion in the first quarter of 2024 to N3.47 trillion in the second quarter, reflecting a 53.9% decrease. This significant decline is largely attributed to the impact of high interest rates, which have made borrowing more expensive and burdensome for many individuals. This […]

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