NCGC Backs ₦64.13bn Loans for 174,495 Borrowers
The National Credit Guarantee Company Limited (NCGC) has supported ₦64.13 billion in loans to 174,495 borrowers across Nigeria’s 36 states ...
Tag: Business Financing
BOI Targets 3 Million Jobs, ₦1.85tn Lending by 2027
The Bank of Industry (BOI) plans to create and sustain three million jobs and increase its annual lending to ₦1.85 ...
S&P Rates BOI’s LECON Finance ‘B/Stable/B’ as ₦50bn Recapitalisation Takes Shape
S&P Global Ratings has assigned LECON Finance Company Limited, a subsidiary of the Bank of Industry (BOI), ‘B’ long-term and ...
Wema Bank Secures €50 Million Funding to Boost SMEs, Women and Youth Entrepreneurs
Wema Bank has secured a €50 million (about N78.5 billion) funding facility from EIB Global, the development arm of the ...
Nigeria’s $6.75bn Gender Financing Gap Threatens Economic Growth
Nigeria faces a widening $6.75 billion gender financing gap that continues to limit the growth potential of women-led businesses, with ...
DBN Secures $61 Million AfDB Facility for Women-Led MSME Lending
The Development Bank of Nigeria (DBN) has secured a $61 million financing facility from the African Development Bank (AfDB) to ...
Credit Direct Launches Money Talks Series to Address SME Cash Flow Crisis
Credit Direct has unveiled a new financial education initiative aimed at addressing one of the most persistent threats facing African ...
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