…It will allow businesses to plan and borrow money instead of relying on short-term loans that ultimately increase costs for consumers,” Kupoluyi said. He, however, urged caution ahead of the MPC decision, saying, “Let’s see what they come up with. We have to look at it both ways. But definitely, for interest rates to c…

…like subsidy removal, clemency for Maryam Sanda, the Niger Republic sanctions, student loans, and so on. The moral burden of the policy is even more important, and it is not diminished by the reversal. Last year, some 1,973,253 candidates registered for WAEC, at N27,500 each, while 1,367,210 students registered for NEC…

…she said they beat her up, stole the money in her accounts and went as far as taking loans from her digital apps. Sharing photos of her sister's bruised face, she wrote: "This is 3 days after those one chance people held my sister. Jess "After rubbing (sic) her and clearing all her accounts, they also beat her so hard…

…the relevance of cooperative societies by preserving tax exemptions on members’ savings, loans, dividends and surplus funds. According to him, registered cooperative societies remain largely shielded from aggressive direct taxation because their activities are undertaken solely for the benefit of members. Giving an acc…

Nigeria spent nearly $1bn servicing its foreign loans in the first two months of 2026, as external debt repayments rose amid increasing capital outflows from the economy. The figure, obtained from the Central Bank of Nigeria’s February 2026 Economic Report, showed that the country spent $440m on foreign loan repayments…

…of an MSME institution is not the number of entrepreneurs it trains or the volume of loans it disburses. Its success lies in how effectively it transforms businesses into engines of innovation, jobs, wealth creation, and inclusive economic prosperity," Popoola stated. He noted that for states like Katsina, where povert…

…Federation Account Allocation Committee (FAAC) receipts, derivation funds, grants, loans, asset sales, and opening balances. A breakdown of the revenue projections shows that N487.61 billion is expected from internally generated revenue, while N936.05 billion will come from FAAC allocations, including derivation funds,…

…in 2025 and are basically on a deleveraging spree. They are paying down their loans significantly from their improved earnings and cash positions. When you pay down debts, finance costs naturally moderate." Eseyin added that capital raised by some companies also contributed to the lower financial burden. He said, "Some…

…will be discretionary, temporary, and subject to conditions set by the central bank. Loans and advances issued under the framework will be repaid over up to 12 months, although the regulator may extend the period. The facilities must also be backed by collateral acceptable to the central bank and subject to valuation,…

…PUNCH from the World Bank has shown. The analysis showed that the World Bank approved loans worth $11.40bn for Nigeria between June 2023 and June 2026, compared with $14.59bn approved during Buhari's presidency from May 2015 to May 2023. The latest figure means Tinubu's administration has already secured about 78.2 per…

…food-distribution efforts, student-loan promises, MSME support schemes, business loans and other social-intervention packages. Yet for most citizens, the measures were either too small, too delayed or too poorly coordinated to make a meaningful difference. In practice, they barely dented mass suffering. Worse still, th…

…describing them as sustainable ventures that could benefit from grants instead of loans. Her remarks drew criticism from many Nigerians, who argued they downplayed the country's economic hardship amid rising inflation, food prices and unemployment. The First Lady later defended the comments, saying the Federal Governme…

…access to energy, the country will become wealthier and better positioned to repay the loans,” he added. The World Bank official, however, warned that low government revenue poses a greater threat to Nigeria’s fiscal sustainability than its current debt level. “Nigeria’s debt is not particularly high, and in fact, it’s…

…don’t take you seriously. They’ll say there should be a limit if you’re going to have loans. It’s frustrating. In all these struggles, what keeps you going? I believe that Sudan will become a better place one day, and that change has to begin with me. Nobody is going to do it for us-not the NGOs, not the government-but…

…from the old idea that large local teams and ever larger volumes of unsecured consumer loans create durable businesses. Embedded finance, partnerships and products attached to existing commercial relationships offer something consumer lending apps have struggled to find consistently over the last decade: visibility int…

…payments after acquiring an MFB. An MFB licence allows fintechs to accept deposits, give loans, and earn interest income from lending, reducing their reliance on transaction fees. But the licence does more than unlock new products. It changes the business that fintechs are expected to build. Unlike payment companies, w…

…industry, rural development, environmental sustainability, and social services through loans, equity investments, lines of credit, and other financial instruments. The bank said the partnership with AfDB signals a new phase in its evolution as it seeks to play a more prominent role in driving economic transformation an…

…lending facilities are typically priced around 29% per annum, while SME-focused loans can attract rates of up to 40%. The bank's One Mama loan carries a 20% interest rate, alongside a 1% management fee and a 1% charge for Credit Life and Job Loss Insurance. Experts weigh prospects for lower rates Analysts believe recen…

The report noted that rapid urbanization, a youthful population and increasing digital adoption continue to support the sector's resilience and growth potential. One of the key findings of the report is the growing use of digital payment channels among retailers. According to the report, more than three quarters of ret…

…to collect personal or banking information for the processing of pensions, gratuities, loans or other related benefits. "The Military Pensions Board does not engage third parties to collect pensioners' personal or banking information for the purpose of processing loans, pension payments, gratuities or any other benefit…

…property owners can invest confidently in development. They can access mortgages, secure loans, build homes, establish businesses, and contribute more actively to the economy. "Likewise, transparent land administration systems inspire investor confidence. Investors are more willing to commit resources to environments w…

…to collect pensioners' personal or banking information for the purpose of processing loans, pension payments, gratuities, or any other benefits," it stated. The Board urged retirees and their families to remain vigilant and promptly report suspicious requests for information to the relevant authorities. "Any request fo…

…for example, uses transaction data from merchants on its platform to underwrite business loans. In 2025, the company said it disbursed more than ?1 trillion ($721.2 million) in credit, relying on transaction histories to assess risk and maintain low default rates. For M-KOPA, the smartphone is the first loan. Every rep…

…at N4.5 billion. Logistics and haulage contributed N4.1 billion, while interest from loans and advances contributed N3.3 billion. The Group also recorded a sharp increase in other income, which rose to N2.7 billion, up 529.3% year-on-year, supported by exchange gains and fair value gains on investment properties.

"President Bola Ahmed Tinubu reaffirmed his administration's commitment to investing in the people who drive teaching, learning, research, and innovation across Nigeria's tertiary institutions," the ministry said. The president also said that through the TISSF, the Federal Government is easing financial pressures on ed…