Banks Take Digital Loans to Small Businesses
Nigerian banks are increasingly turning to digital lending platforms to give small businesses faster access to finance, as entrepreneurs continue ...
Tag: loans
FCMB Raises Instant Loan Limit to N500,000
First City Monument Bank (FCMB) has increased the maximum amount customers can access through its FastCash instant loan service from ...
CBN Holds Interest Rate at 26.5% as Businesses Await Cheaper Credit
The Central Bank of Nigeria (CBN) has kept its Monetary Policy Rate (MPR) unchanged at 26.5 per cent, maintaining a ...
High Interest Rates Tighten Credit for SMEs and Borrowers
Small and medium-sized enterprises (SMEs) across Nigeria are finding it harder to access affordable loans as high interest rates continue ...
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 ...
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, ...
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