Personal loans hit ₦2.06tn in May as consumer credit expands
Personal loans taken by Nigerians climbed to an estimated ₦2.06 trillion in May 2026, as consumer credit continued to grow despite persistent…
Loans
NCGC has facilitated ₦46.95bn in loans for 67,512 Nigerians — Tinubu
The National Credit Guarantee Company, a Federal Government agency, has facilitated N46.95 billion in loans for 67,512 Nigerians and businesses in its…
CREDICORP warns lenders against harassing loan defaulters
The Nigerian Consumer Credit Corporation has warned lenders against harassing or humiliating borrowers over unpaid loans, saying debt recovery must be conducted…
Women entrepreneurs repay loans better than men — Moniepoint
Women-owned businesses in Nigeria are better at repaying loans than their male counterparts, according to new data from Moniepoint. In its 2025…
Only 18% of Nigerian retailers can access formal loans — FMCG
A new report by commerce technology company Omni, has revealed that only 18 per cent of Nigerian retailers have been able to…
‘Stop giving Tinubu’s govt loans’, Nigerians on X warn World Bank
Economists and Nigerians have raised concerns about Nigeria’s debt level, describing it as a high-risk fiscal state, warning that improvement is necessary…
FG seeks fresh $1.25bn World Bank loan for reforms, jobs
The Federal Government is in advanced discussions with the World Bank over a proposed $1.25bn loan facility aimed at supporting economic reforms,…
W’Bank to review Nigeria’s $1bn loan application Dec 16
The World Bank has fixed December 16 as a tentative approval date for a fresh $1bn Development Policy Financing loan to the…
Nigeria secures $10bn in external loans in two years
The Federal Government has secured external loans worth over $10 billion in the last two years, but only about $5 billion, roughly…
How to apply for student loan
The long-awaited student loan programme has commenced on Friday, benefiting 1.2 million students in federal tertiary institutions across Nigeria, according to Akintunde…
Foreign loans account for 59% capital importation – NBS
The National Bureau of Statistics’ most recent capital importation data for foreign loans accounted for no less than 59.1% of the $2.31…
Tinubu writes Senate, seeks $7.8bn, €100m loans approval
President Bola Tinubu on Wednesday sought the approval of lawmakers at the Red Chamber for another $7.8bn and another €100m. This is…