30 results
- 27 Dec 2021
Stanbic IBTC Bank Pledges to Improve Lending to Real Sector
Stanbic IBTC Bank Plc is set to improve on its lending to real sector of the economy, hence, grew its Loan to Deposit Ratio (LDR) by 69 per cent. With the regulatory measures to improve lending to…
- 30 Dec 2019
SEC Advocates For Securities Lending To Deepen Liquidity In The System
The Securities and Exchange Commission, SEC, is advancing its advocacy for securities lending in the Nigerian capital market to deepen liquidity in the nation’s bourse as well as offer more returns…
- 26 May 2026
Airtel, Glo Restore Emergency Airtime Lending Services After FCCPC Suspension
Telecommunications subscribers across Nigeria have regained access to emergency airtime lending services as major operators, Airtel Nigeria and Globacom, restored the platforms following the…
- 23 Oct 2014
DMO Stops Banks from Lending to State Govts
Debt Management Office (DMO) has stopped the commercial banks from lending to the state governments as well as local governments across the country. Timothy Odaah, chairman of Commissioners of…
- 27 Feb 2020
Senate Probes Differences in Banks’ Deposits, Lending Rates
The Senate has begun probe into the rationale behind the huge difference in deposit and lending interest rates among commercial banks and other financial institutions. The Senate said the…
- 11 Nov 2015
IDC Urges Banks on Helping Businesses Lend to Their Customers
A new IDC Financial Insights study, Perspective: Business-to-Consumer Demand Financing: Modern Technology Enables a New Lending Opportunity (Doc #FIBA56x), calls on banks to consider…
- 19 Sept 2014
CBN Berates Banks for not Lending to Real Sector
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) over the weekend berated Deposit Money Bank for not lending to the real sector of the economy. Godwin Emefiele, governor of…
- 22 Jul 2024
Stanbic IBTC Expands Securities Lending to Fixed Income Securities
Stanbic IBTC Bank Limited, has announced the extension of its securities lending services to include fixed income securities. This development marks a new milestone in the Nigerian capital market,…
- 18 May 2025
MTN’s Digital Lending Arm Disburses $592m Loans in Q1
MTN’s BankTech platform disbursed $592 million in loans during the first quarter of 2025, setting a new record for the telecom operator’s digital lending business since its launch in August 2023. MTN…
- 21 Mar 2022
Banks Raise Maximum Lending Rate to 30.73 Per Cent
There are indications that banks are widening their interest rate margin apparently to cushion the impact of rising inflation on their operating cost and profitability. This involves raising lending…
- 3 Jun 2020
Lagos Automates Process of Issuing Money Lending Licenses
Lagos State Ministry of Home Affairs has said that the State Government has started the procedure of automating the processing of money-lending licenses, revealing that since the commencement of the…
- 1 Jul 2021
UBA Leads Peers in Stimulating Economic Growth in Africa through Consumer Lending
United Bank for Africa (UBA) Plc, Pan African financial Institution, has reiterated its support for SME business and businesses through consumer lending and have innovated with niche products that…
- 17 May 2026
Lagos Sanctions 15 Money Lending Firms for Operational Violations
Lagos State Government has sanctioned 15 money lending firms over violations of operational guidelines and practices considered harmful to residents. Ibrahim Layode, commissioner for Home Affairs,…
- 29 Sept 2024
Polaris Bank emerges Nigeria’s top bank in MSME lending
Nigeria’s leading digital retail commercial bank, Polaris Bank was adjudged at the weekend as Nigeria’s topmost bank in lending to the Micro, Small and Medium Enterprises (MSMEs). The award…
- 1 Jun 2026
Banks Lending to FG Hit N15.66 Trillion in One Year– CBN
Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the Central Bank of Nigeria (CBN). The figures show that credit given to…
- 3 Nov 2021
Payhippo Raises $3m in Seed Funding to Accelerate SME Lending
Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, announced today that it raised $3 million in seed funding. The round was led by influential African fintech…
- 25 Mar 2019
SEC Moves to Revive Margin Lending
The Securities and Exchange Commission, SEC, has said that plans are under-way to amend the rules on margin lending and resume activity in that space. Speaking at the first quarter post-Capital…
- 15 Oct 2019
Access Bank Hits over N1Bn in Digital Lending Daily
Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value. …
- 20 Oct 2019
CBN Fines 12 Banks N500Bn for Refusing to Lend to Customers
Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion for breaching its guidelines on lending to the real sector of the economy. According to an approved debit instruction, the…
- 17 Nov 2019
NECA Worries over CBN’s Directive to Banks on Lending
Nigeria Employers’ Consultative Association (NECA), has raised concerns over the Central Bank of Nigeria’s (CBN) directive to banks on lending, saying it could pose a risk to financial stability.…
- 25 Jun 2020
COVID-19: DG NITDA Urges Financial Institutions to Improve Lending Access to SMEs
Mallam Kashifu Inuwa Abdullahi, director general, National Information Technology Development Agency, NITDA, has called on financial institutions in the country to increase lending access to Small…
- 8 Jul 2014
DMO Cautions Banks against Lending to Govts
Debt Management Office (DMO) has warned all banks operating in the country that further contravention on the requirement for lending to all tiers of government will be met with full sanctions.…
- 10 Aug 2017
PayPal to Expand Lending Offering with Acquisition
Payments firm PayPal Holdings has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants. The acquisition will allow…
- 20 Jul 2026
Court Affirms FCCPC’s Power to Regulate Digital Lending
Federal Competition and Consumer Protection Commission (FCCPC) has resumed implementation of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).…
- 5 May 2017
Kudi Capital Launches Online Lending Portal
Kudi Capital Management Ltd has announced the public launch of Kudimoney.com a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. At kudimoney.com,…
- 28 Apr 2015
IFC Boosts Zenith Bank’s Lending Portfolio with $100m
IFC, a member of the World Bank Group, yesterday signed an agreement to provide a $100 million loan facility to Zenith Bank Plc, to increase its lending to a variety of important economic sectors,…
- 24 Jun 2020
Access Bank Excites SMEs with Digital Cashflow Lending
Access Bank Plc has launched a digital lending portal, ‘Cashflow Loans’, as part of its effort to provide access to finance for SMEs to grow and expand their businesses. In a statement, “Cashflow…
- 3 Oct 2024
Polaris Bank Emerges Nigeria’s Top Bank in MSME Lending
Polaris Bank, a money deposit retail bank in Nigeria, has been recognised as the country’s top bank in Micro, Small, and Medium Enterprises (MSME) lending at the inaugural MSME Finance Awards 2024.…
- 22 Apr 2026
FCCPC Licenses 5 Firms for Airtime, Data Lending as Telcos Step Aside
Federal Competition and Consumer Protection Commission (FCCPC) has approved five companies to provide airtime and data lending services in Nigeria, following the suspension of such services by mobile…
- 26 Dec 2021
FG to Shut Down Illegal Money Lending Businesses
The joint committee addressing the violation of consumer rights in the money lending industry will shut down illegal businesses at the beginning of its application, says the Federal Commission on…