Loans Archives - KOKOMANSION MEDIA

Attack on TraderMoni, attack on petty traders

November 9, 2018Ayo Olowo

Presidency has described as unbelievable and unfortunate that attack on TraderMoni scheme which is designed to assist traders. The presidency said that the attack on the programmes was an attack on the hardworking petty traders and Nigerians in general. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the […]

Traders do not require PVC to get Trademoni N10,000 loan – FG

September 10, 2018Ayo Olowo

Laolu Akande, senior special assistant to the vice-president on media and publicity, says it is untrue that beneficiaries of the federal government’s Trademoi, N10,000 collateral-free loan, must present their permanent voters cards (PVC), to qualify for the scheme. Akande said this while giving update on the initiative. He said no documentation of any kind is […]

Banks granted N15.34 trillion loan to private sector in Q2 of 2018

August 23, 2018News Agency

The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter of 2018. A report by the National Bureau of Statistics (NBS) on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength […]

CBN directs banks to give loans to agricultural, manufacturing companies at 9%

August 17, 2018Eben Tanimola

The Central Bank of Nigeria (CBN) has promised to support banks to enable them give loans to players in the agricultural and manufacturing sector at a single digit interest rate. Addressing journalists on Thursday after the CBN Bankers’ Committee meeting, Ahmed Abdullahi, CBN director, banking supervision, said the loans will only be available for job […]

Osinbajo to launch MSME Clinics in Kogi on Feb. 13

February 9, 2018February 9, 2018News Agency

Nigeria’s Vice-President, Prof. Yemi Osinbajo, will on February 13 inaugurate Marketmoni/Micro Small and Medium Enterprise (MSME) Clinics in Kogi under the Federal Government’s Social Investment Programmes (SIP). The News Agency of Nigeria, NAN, reports that Mr Adoga Ibrahim, the Special Adviser to Gov. Yahaya Bello of Kogi on Multilateral Donor Agencies and Special Projects/Focal Person […]

Nigeria’s non-performing loans have climbed to 15% since 2015; FG should push policies – IMF

August 3, 2017Ekene Onyeama

The International Monetary Fund (IMF) staff team, which visited Nigeria from July 20 to July 31, says non-performing loans across Nigerian banks have 6 percent in 2015, to 15 percent in 2017. The team led by Amine Mati, senior resident representative and mission chief for Nigeria at the IMF, discussed recent economic and financial developments, updated […]