Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay […]
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NIGERIA – the minister of finance and coordinating minister of the economy, Wale Edun, says the federal executive council (FEC) has approved a $1.58 billion loan request. Edun said the loan request is split into two; $1.5 billion from the World Bank and $80 million from the African Development Bank (AfDB). The minister revealed the approval after […]
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
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In furtherance of the Buhari administration’s drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industry has approved a $20M technology fund for young innovators, while the Central Bank of Nigeria (CBN) is offering a N90 Billion soft loan facility for small scale agriculture enterprises. These were some of the outcomes of […]
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The Board of the African Development Bank (www.AfDB.org) on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of […]
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The Debt Management Office (DMO) has reassured the Nigerians that there is no risk of default on the 500 million US dollars loan expected from China. The department gave the reassurance in a statement on Tuesday in Abuja. DMO’s statement is in reaction to public concern following the announcement at the Forum on China-Africa Cooperation […]
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Shehu Sani, chairman, senate committee on local and foreign debt, has advised Nasir el-Rufai, governor of Kaduna, to use the “meagre” resources available to run the state. In an interview with NAN on Monday, the senator wondered why governors could not use distributions from the excess crude account and Paris Club Refund to execute projects. He […]
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With the intent to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan, Nigeria’s first fully digital lending service. PayDay Loan can be accessed on USSD code *901*11# and across over 2,000 Access Bank ATMs pan Nigeria. PayDay Loan requires no collateral or guarantor, enabling Nigerian employees obtain loans instantly […]
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President Muhammadu Buhari has approved that negotiation should be carried out for $15 billion loan for the completion of work on the Port Harcourt – Maiduguri rail project. The Minister of Transportation, Mr Rotimi Ameachi, made this known when he briefed State House correspondents after a closed door meeting with President Muhammadu Buhari at the […]
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The Federal Government has released about N43.92 billion (122 million dollars) to 300,000 rice farmers to increase Nigeria’s rice production by additional two million tonnes in 2018. Minister of Women Affairs and Social Development Aisha Al-Hassan stated this in New York at Nigeria’s side event during the ongoing 62nd Session of the Commission on the […]
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