30 results
- 16 Dec 2025
CBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches that undermined the safety…
- 16 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 8 Jul 2020
Buyer Beware: NSE Issues Caveat on 13 Companies
Nigerian Stock Exchange (NSE) has warned investors to be wary when dealing with shares of 13 companies after they failed to meet regulatory deadlines for the submission of their financial statements…
- 1 Oct 2020
Stanbic IBTC Supports Educational Institutions with School Loans
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a School Loan product for private primary, secondary and tertiary institutions, to enable them meet their short-term…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 28 May 2020
Access Bank Begin Loan Disbursement to Nigerian Health Sector
Access Bank Plc s set to release loans through the Central Bank of Nigeria (CBN) credit support scheme to ramp up the capacity of Nigeria’s pharmaceutical and healthcare industries. The loan scheme…
- 18 Aug 2020
Access Bank Secures $93m Syndicated Loan
Access Bank Plc has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank…
- 21 Apr 2021
Airtel Secures $500m Loan to Repay €750m Bond
Airtel Africa Plc has secured a new $500 million loan with a group of relationship banks to partially refinance its €750 million bonds maturing on May 20, 2021. The banks are Bank of America, BNP…
- 6 May 2020
FCMB to Restructure Half Its Loans on Oil, COVID-19 Lockdown
FCMB Group Plc plans to restructure half of its loans after plunging oil prices, the coronavirus lockdown and a naira devaluation hindered the ability of the Nigerian bank’s clients to repay their…
- 7 Jan 2022
FCMB Partners Ogun on Mortgage Loans
FCMB Group Plc has said it is partnering with the Ogun State Government to provide affordable mortgage loans to subscribers of low-cost schemes. A statement said FCMB, the retail and commercial…
- 14 Jun 2021
Access Bank Launches Initiative to Enhance Digital Loans
Access Bank Plc, has launched what it termed the ‘Diamond Business Advantage (DBA) lite’ in a bid to increase its digital loans and enhance access to finance for young entrepreneurs. The bank said…
- 26 Apr 2013
Diamond Bank Disburses N71Bn Loans to SMEs
Diamond Bank Nigeria Plc said on Thursday that it has disbursed over N71 billion loans to 30, 000 small and medium scale enterprises in the country since 2009. Mrs . Adaeze Ume of the bank's…
- 17 May 2013
UBA to Increase Loans for Oil, Power Projects
United Bank for Africa Plc has said it plans to increase loans by as much as 40 per cent this year to fund oil, power and manufacturing projects. Mr. Ugochukwu Nwaghodoh, bank’s chief financial…
- 19 May 2019
MTN Nigeria Signs 7yr N200Bn Medium Term Loan
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven banks to fund emerging businesses in Nigeria. Ferdi Moolman, chief executive…
- 22 Dec 2014
Unity Bank Plans Aggressive Loan Recovery
Unity Bank Plc said it would adopt peaceful resolution and where necessary aggressive legal processes in its efforts to recover debts owed the financial institution. Besides, it hinted that the bank…
- 5 Feb 2015
IFC Partners AIICO to Extend Insurance Services to More Nigerians
IFC, a member of the World Bank Group, has announced an agreement to provide a $20 million convertible loan to AIICO Insurance Plc, to support its expansion activities across Nigeria. The expansion…
- 13 Mar 2013
Bank Dangles Loans on SMEs
Diamond Bank Plc, Nigeria’s leading commercial bank has listed requirements that prospective and existing entrepreneurs in the micro, small and medium scale enterprises (MSME) sector of the Nigerian…
- 21 Dec 2009
AfDB, UBA Sign Landmark USD 150 million Loan
African Development Bank (AfDB) and the United Bank for Africa Plc (UBA) has signed a two- loan agreement for a total of USD 150 million. Aloysius Uche Ordu, vice president, Regional and…
- 21 Mar 2013
SEC Axes Ecobank from Capital Market Activities over Loan
Securities and Exchange Commission (SEC) yesterday suspended Ecobank Plc from all capital market activities because of irregularities surrounding a loan. SEC said in a statement that Ecobank’s client…
- 13 Dec 2021
Stanbic IBTC Launches Business-specific Loans for SMEs
Stanbic IBTC Bank Plc has launched a business-specific facility to assist Small and Medium-scale Enterprises (SMEs) meet up with the expected surge in patronage during the yuletide season. Speaking…
- 1 May 2024
FCMB Group Records 186% Profit Growth, Proposes 50k Dividend
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard.…
- 19 Aug 2019
Zenith Bank to Boost Credit as Loan Ratio Falls Below Threshold
Zenith Bank Plc, Nigeria’s second-biggest lender by market value, plans to accelerate lending in the second half after its loan-to-deposit ratio fell short of the regulator’s minimum target. The…
- 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,…
- 14 Jul 2017
AfDB Inaugurates N1Bn Support for SMEs Development Through Fortis bank
The African Development Bank (AfDB) has inaugurated N1 billion loan through Fortis Microfinance Bank Plc to help boost Small and Medium Enterprises (SMEs) development in the country. Mr Ilan Wolkov,…
- 2 Jul 2012
Financial Inclusion: FirstBank Offers Single Digit Lending Rate to SMEs
First Bank of Nigeria Plc has extended single digit loans to entrepreneurs in partnership with the Nigeria Association of Small Scale Industrialists (NASSI). The bank has since signed a Memorandum of…
- 20 Jan 2022
FCMB’s FastCash Offers N200,000 Support For School Fees
In a bid to help Nigerians deal with financial challenges and meet urgent needs without hassles, customers, and non-customers of First City Monument Bank Plc can now access a higher loan amount of up…
- 18 Aug 2025
UBA Secures N5Bn BoI Fund to Boost Women Entrepreneurs, Others
United Bank for Africa (UBA) Plc has secured a N5 billion loan facility from the Bank of Industry (BOI) to strengthen Nigeria’s micro, small and medium enterprises (MSMEs), with a special focus on…
- 18 Sept 2016
Fidelity Bank MD Explains Why Banks don’t Give Long Term Loans
Mr. Nnamdi Okonkwo, managing director, Fidelity Bank Plc, has said that the inability of commercial banks to give long-term credit facilities is due to the non-availability of long-term-deposits by…
- 23 Apr 2015
Seplat Petroleum, FBN Capital Others Close Secured Term Loan of $1.4 Bn
Seplat Petroleum Development Company Plc. (Seplat) a leading indigenous oil and gas exploration and production company, listed on both the Nigeria Stock Exchange and London Stock Exchange, closed in…
- 17 May 2019
MTN Secures N200bn Medium Term Loan, Aims to Expand Infrastructure
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven (7) banks aimed to help fund its 4G and other infrastructural projects across the…