Tag: Loan

LivingTrust Mortgage Bank repays DBN N950m loan
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LivingTrust Mortgage Bank repays DBN N950m loan

LivingTrust Mortgage Bank Plc has repaid a N950 million MSMEs grant to the Development Bank of Nigeria two months earlier than the planned date. The PUNCH reported that DBN disbursed the N950 million MSMEs fund to the bank on March 1, 2021, for a 36-month term, with the facility set to expire on March 1, […]

NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA
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NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA

The African Export-Import Bank as well as the United Bank for Africa have disbursed $2.25 billion from a $3.3 billion oil-for-cash loan facility created by the Nigerian National Petroleum Company Limited. The first payment of $2.25 billion has been disbursed, with a second tranche of $1.05 billion scheduled to follow. The $3.3 billion emergency loan […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
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Nigeria free to seek loan – IMF

The International Monetary Fund has stated that the naira is now under pressure and that Nigeria is free to request a loan from the Fund to stabilize the currency if it deems it a viable alternative. The Punch reported that however, the Washington-based lender acknowledged that other actions made by the Nigerian government, including recent […]