The banks in Nigeria have however increased the number of loan applications approved for unsecured loans to households
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MTN Nigeria says it has been working with technology partners in order to achieve this ambitious goal.
“Total SLF granted during the review quarter was N1.7tn, made up of N866.93bn direct SLF and N833.53bn Intraday Lending Facilities converted to overnight repo.”
The African Continental Free Trade Area (AfCFTA), which brings together all the African countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 global pandemic that led to lockdowns and restricted movement.
Malian Customs officers have seized 143kg of gold heading to neighbouring Guinea. The 88 bars of gold worth $8.5m, were hidden in a car as dealers…
The Central Bank of Nigeria (CBN) has cancelled the operating licenses of 42 microfinance banks. Nigeria Deposit Insurance Corporation (NDIC) announced this measure in a post…
He said the speed of the economic recovery process from the pandemic will depend on collective responsibility and the financial capacity of developing countries to address immediate shocks, stabilize their economies, and invest in growing back.
More than two months after the executive submitted a N13.08 trillion budget of “Economic Recovery and Resilience” the Nigerian Senate has increased it by N505bn to…
Nigeria’s yearly exports to South Africa are in excess of $3.8 billion, making it Nigeria’s biggest trading partner on the continent. The Consul General of Nigeria…
The African Development Bank (AfDB) on Thursday says it has appointed Senegalese economist, Aissa Toure, as the Country Manager for Rwanda. An economist and development expert,…