High Interest Rates Push Nigeria’s Consumer Loans Down for the First Time in Six Years
Nigeria’s consumer credit fell in 2025 for the first time in six years as high interest rates discouraged many households ...
Tag: loans
FCMB and 247 Travels Launch ‘Book Now, Fly Later’ Service for International Flights
First City Monument Bank (FCMB) has partnered with 247 Travels to introduce a new travel financing solution called Book Now, Fly ...
How Central Bank Interest Rate Decisions Change the Cost of Borrowing
Interest rate decisions made by a country’s central bank may sound like something that only economists or financial experts care ...
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Total
President Bola Tinubu’s administration has secured $11.4 billion in World Bank loan approvals within three years, bringing it close to ...
Nigerian Banks Continue to Favour Oil and Gas Lending Despite Manufacturing Slowdown
Nigeria’s banking sector continued to channel a significant portion of its loans to the oil and gas industry in 2025, ...
Nigerian Banks Keep Oil and Gas as Top Lending Sector Despite Manufacturing Decline
Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...
Nigeria’s World Bank Debt Drops Slightly in Early 2026 Despite Annual Increase
Nigeria’s debt exposure to the concessional lending arm of the World Bank, the International Development Association (IDA), recorded a slight ...
AfDB Approves $61 Million Support for Women-Owned Businesses in Nigeria
The African Development Bank Group (AfDB) has approved a $61 million financing package for the Development Bank of Nigeria (DBN) ...
Loan Loss Surge Forces Nigerian Banks to Rethink Strategy as Dividends Shrink
Pressure is rising across Nigeria’s banking sector as shareholders and financial analysts demand stronger action from bank executives to recover ...
Nigeria’s Debt to World Bank Rises Sharply Amid Growing Financial Pressure
Nigeria’s debt to the World Bank has increased significantly, reaching $19.89 billion as of December 31, 2025. This marks a ...
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