Loan – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 27 Jan 2026 23:33:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Loan – InfoStride News https://www.theinfostride.com 32 32 World Bank to Approve $750m Loan for Nigeria on Tuesday https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/ https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/#respond Thu, 22 Jan 2026 23:01:27 +0000 https://www.theinfostride.com/?p=467613 Nigeria is set to secure a significant financial boost as the World Bank prepares to approve a $750 million loan on Tuesday, marking one of the largest recent interventions by the global lender in support of the country’s economic reforms. The facility, expected to be approved by the World Bank’s Board of Directors, is designed [...]

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]]> https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/feed/ 0 Parallex Bank Extends N4bn Loan Facility to Lagos Local Councils https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/ https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/#respond Thu, 22 Jan 2026 12:03:22 +0000 https://www.theinfostride.com/?p=465955 Parallex Bank has announced a N4 billion credit facility to support local government councils in Lagos State, aimed at strengthening grassroots development and boosting economic activities across the state. The initiative, which reflects the bank’s growing focus on subnational financing, is designed to enable local councils to meet their infrastructure and social service obligations more [...]

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]]> https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/feed/ 0 IMF Confirms Nigeria’s Full Repayment of $3.4 Billion COVID-19 Loan https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/ https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/#respond Mon, 12 Jan 2026 22:49:17 +0000 https://www.theinfostride.com/?p=410285 The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion emergency loan it received in April 2020 to mitigate the economic impact of the COVID-19 pandemic. The repayment was completed as of April 30, 2025, according to Christian Ebeke, the IMF’s resident representative in Nigeria. Background of the Loan In [...]

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]]> https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/feed/ 0 World Bank Approves $500m MSME Finance Package for Nigeria https://www.theinfostride.com/world-bank-approves-500m-msme-finance-package-for-nigeria/ https://www.theinfostride.com/world-bank-approves-500m-msme-finance-package-for-nigeria/#respond Sun, 21 Dec 2025 15:15:40 +0000 https://www.theinfostride.com/?p=473912 The World Bank has approved a $500 million financing package to support micro, small and medium-sized enterprises (MSMEs) in Nigeria, aimed at tackling long-standing financing challenges in the sector. The programme, known as the Fostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE) project, is designed to expand access to affordable credit, foster innovation, and promote [...]

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]]> https://www.theinfostride.com/world-bank-approves-500m-msme-finance-package-for-nigeria/feed/ 0 Nigeria Set to Receive $500m World Bank Boost as MSME Financing Takes Centre Stage https://www.theinfostride.com/nigeria-set-to-receive-500m-world-bank-boost-as-msme-financing-takes-centre-stage/ https://www.theinfostride.com/nigeria-set-to-receive-500m-world-bank-boost-as-msme-financing-takes-centre-stage/#respond Fri, 19 Dec 2025 14:49:48 +0000 https://www.theinfostride.com/?p=473780 Nigeria is on the brink of securing a major financial boost as the World Bank is expected to approve a $500 million loan facility aimed at expanding access to finance for micro, small and medium enterprises (MSMEs), a sector widely regarded as the backbone of the nation’s economy. The approval, scheduled for consideration by the [...]

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]]> https://www.theinfostride.com/nigeria-set-to-receive-500m-world-bank-boost-as-msme-financing-takes-centre-stage/feed/ 0 NNPC Settles $3bn Loan Using N991bn Worth of Crude – Report https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/ https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/#respond Sat, 06 Dec 2025 14:13:23 +0000 https://www.theinfostride.com/?p=472994 The Nigerian National Petroleum Company Limited (NNPC Ltd) has reportedly used crude oil valued at about N991 billion to service part of the $3 billion emergency loan it secured last year to stabilise the foreign exchange market and support its operational obligations. The latest findings, sourced from internal industry assessments and disclosures by officials familiar [...]

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]]> https://www.theinfostride.com/nnpc-settles-3bn-loan-using-n991bn-worth-of-crude-report/feed/ 0 Nigeria Seeks Fresh $500m World Bank Loan to Boost MSMEs https://www.theinfostride.com/nigeria-seeks-fresh-500m-world-bank-loan-to-boost-msmes/ https://www.theinfostride.com/nigeria-seeks-fresh-500m-world-bank-loan-to-boost-msmes/#respond Mon, 10 Nov 2025 15:11:08 +0000 https://www.theinfostride.com/?p=471218 The Federal Government is in talks with the World Bank to secure a fresh $500 million loan aimed at supporting the growth of Micro, Small, and Medium Enterprises (MSMEs) across the country. The facility, government officials say, is part of efforts to strengthen Nigeria’s economic base, drive job creation, and enhance productivity in critical non-oil [...]

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]]> https://www.theinfostride.com/nigeria-seeks-fresh-500m-world-bank-loan-to-boost-msmes/feed/ 0 Reps Seek Easy Access to Short-Term Loans for Cassava Farmers https://www.theinfostride.com/reps-seek-easy-access-to-short-term-loans-for-cassava-farmers/ https://www.theinfostride.com/reps-seek-easy-access-to-short-term-loans-for-cassava-farmers/#respond Sat, 01 Nov 2025 11:48:21 +0000 https://www.theinfostride.com/?p=470556 The House of Representatives has called on the Federal Government and relevant financial institutions to create mechanisms that will guarantee easy access to short-term loans for cassava farmers across the country. The lawmakers said such a move is crucial to boosting food production, promoting agro-industrial growth, and strengthening Nigeria’s economic diversification drive. The resolution followed [...]

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]]> https://www.theinfostride.com/reps-seek-easy-access-to-short-term-loans-for-cassava-farmers/feed/ 0 National Assembly Approves $2.347bn External Borrowing Plan https://www.theinfostride.com/national-assembly-approves-2-347bn-external-borrowing-plan/ https://www.theinfostride.com/national-assembly-approves-2-347bn-external-borrowing-plan/#respond Sat, 01 Nov 2025 10:54:59 +0000 https://www.theinfostride.com/?p=470549 The National Assembly has approved the $2.347 billion external borrowing request by President Bola Ahmed Tinubu, marking a major step in the administration’s effort to finance key infrastructure and social development projects under the 2024 fiscal framework. The approval came after the presentation of a detailed report by the Senate Committee on Local and Foreign [...]

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]]> https://www.theinfostride.com/national-assembly-approves-2-347bn-external-borrowing-plan/feed/ 0 FG Seeks $2 Billion Loan from China to Strengthen National Power Grid https://www.theinfostride.com/fg-seeks-2-billion-loan-from-china-to-strengthen-national-power-grid/ https://www.theinfostride.com/fg-seeks-2-billion-loan-from-china-to-strengthen-national-power-grid/#respond Tue, 07 Oct 2025 13:56:21 +0000 https://www.theinfostride.com/?p=468467 The Federal Government of Nigeria is currently in advanced discussions with the Export-Import Bank of China to secure a $2 billion loan aimed at financing the construction of a new high-capacity power transmission infrastructure, widely referred to as the “super grid.” The project is expected to significantly boost the nation’s electricity transmission capacity, support industrial [...]

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]]> https://www.theinfostride.com/fg-seeks-2-billion-loan-from-china-to-strengthen-national-power-grid/feed/ 0 Afreximbank Backs Dangote Refinery with $4 Billion Refinancing Facility https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/ https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/#respond Tue, 05 Aug 2025 08:54:11 +0000 https://www.theinfostride.com/?p=464009 The African Export-Import Bank (Afreximbank) has spearheaded a massive $4 billion refinancing loan to support the Dangote Refinery project, marking a major milestone in Africa’s infrastructure financing landscape. This move reaffirms the continent’s growing ability to support large-scale industrial developments through homegrown financial mechanisms. The deal, described as one of the largest of its kind [...]

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]]> https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/feed/ 0 World Bank to Disburse $250 Million Health Sector Loan to Nigeria in August https://www.theinfostride.com/world-bank-to-disburse-250-million-health-sector-loan-to-nigeria-in-august/ https://www.theinfostride.com/world-bank-to-disburse-250-million-health-sector-loan-to-nigeria-in-august/#respond Sun, 03 Aug 2025 13:35:34 +0000 https://www.theinfostride.com/?p=463893 The World Bank is set to disburse a $250 million loan to Nigeria next month to strengthen the country’s healthcare delivery systems and address longstanding weaknesses in infrastructure, service accessibility, and public health capacity. The loan, part of a broader global health development initiative, is aimed at supporting reforms in Nigeria’s healthcare sector, especially in [...]

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]]> https://www.theinfostride.com/world-bank-to-disburse-250-million-health-sector-loan-to-nigeria-in-august/feed/ 0 It Will Take A Miracle For Nigerian Business Minds To Secure Good Loans Now – Leo DaSilva https://www.theinfostride.com/it-will-take-a-miracle-for-nigerian-business-minds-to-secure-good-loans-now-leo-dasilva/ https://www.theinfostride.com/it-will-take-a-miracle-for-nigerian-business-minds-to-secure-good-loans-now-leo-dasilva/#respond Fri, 21 Mar 2025 09:40:14 +0000 https://www.theinfostride.com/?p=405988 Ex-BBNaija housemate, Leo DaSilva has come out to open up about the challenges a company he helped raise funds for has faced since President Tinubu assumed office. He recently had his say via a post shared on social media, and fans have been reacting. According to him, the company has plunged into what he describes [...]

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]]> https://www.theinfostride.com/it-will-take-a-miracle-for-nigerian-business-minds-to-secure-good-loans-now-leo-dasilva/feed/ 0 Nigeria Seeks Fresh $500 Million World Bank Loan to Bolster Education Sector https://www.theinfostride.com/nigeria-seeks-fresh-500-million-world-bank-loan-to-bolster-education-sector/ https://www.theinfostride.com/nigeria-seeks-fresh-500-million-world-bank-loan-to-bolster-education-sector/#respond Sat, 19 Oct 2024 11:45:13 +0000 https://www.theinfostride.com/?p=391446 The Nigerian government has approached the World Bank for a fresh $500 million loan to support its struggling education sector. The loan request, aimed at improving access to quality education and addressing key challenges in the system, underscores the country’s commitment to boosting human capital development amid a myriad of educational challenges, including low enrollment [...]

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]]> https://www.theinfostride.com/nigeria-seeks-fresh-500-million-world-bank-loan-to-bolster-education-sector/feed/ 0 25% of development levy for student loan – FG https://www.theinfostride.com/25-of-development-levy-for-student-loan-fg/ https://www.theinfostride.com/25-of-development-levy-for-student-loan-fg/#respond Thu, 17 Oct 2024 21:44:24 +0000 https://www.theinfostride.com/?p=391245 The Federal Government of Nigeria has announced that 25% of the revenue generated from the development levy will be allocated to fund student loans. This initiative aims to improve access to education and alleviate the financial burdens faced by students in pursuing higher education. By channeling a portion of the development levy towards student loans, [...]

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]]> https://www.theinfostride.com/25-of-development-levy-for-student-loan-fg/feed/ 0 SERAP Criticizes Ineffectiveness of $36 Billion Loans Amid Nigeria’s Rising Debt https://www.theinfostride.com/serap-criticizes-ineffectiveness-of-36-billion-loans-amid-nigerias-rising-debt/ https://www.theinfostride.com/serap-criticizes-ineffectiveness-of-36-billion-loans-amid-nigerias-rising-debt/#respond Sat, 22 Jun 2024 20:00:30 +0000 https://www.theinfostride.com/?p=381185 The Socio-Economic Rights and Accountability Project (SERAP) has expressed concerns over the ineffectiveness of over $36 billion in loans meant to fund 197 projects in Nigeria, as the country’s debt profile surged to N121.67 trillion. Kolawole Oluwadare, SERAP’s Deputy Director, disclosed this in a statement on Sunday. The criticism follows a recent report from the [...]

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]]> https://www.theinfostride.com/serap-criticizes-ineffectiveness-of-36-billion-loans-amid-nigerias-rising-debt/feed/ 0 RAPID Funding Deadline Extended! Apply for MSME Loans Until June 12th https://www.theinfostride.com/rapid-funding-deadline-extended-apply-for-msme-loans-until-june-12th/ https://www.theinfostride.com/rapid-funding-deadline-extended-apply-for-msme-loans-until-june-12th/#respond Mon, 27 May 2024 18:49:28 +0000 https://www.theinfostride.com/?p=379072 The Bank of Industry (BOI) has extended the application deadline for the Rural Area Program for Investment and Development (RAPID) for Micro Small and Medium Enterprises (MSMEs) and Community groups in rural areas to June 12. In a post on its official handle, the bank announced the extension to allow entrepreneurs more time to apply [...]

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]]> https://www.theinfostride.com/rapid-funding-deadline-extended-apply-for-msme-loans-until-june-12th/feed/ 0 Nigeria to receive balance of $1.05 billion oil-backed Afrexim bank loan https://www.theinfostride.com/nigeria-to-receive-balance-of-1-05-billion-oil-backed-afrexim-bank-loan/ https://www.theinfostride.com/nigeria-to-receive-balance-of-1-05-billion-oil-backed-afrexim-bank-loan/#respond Mon, 08 Apr 2024 19:07:33 +0000 https://www.theinfostride.com/?p=375171 Nigeria is set to receive the balance $1.05 billion from a $3.3 billion Afrexim bank loan backed by oil revenues by the end of May, aiming to rejuvenate the economy and enhance the availability of foreign currency in the domestic exchange market. The Senior Executive Vice-President for Finance, Administration and Banking at Afreximbank, Denys Denya [...]

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]]> https://www.theinfostride.com/nigeria-to-receive-balance-of-1-05-billion-oil-backed-afrexim-bank-loan/feed/ 0 Governor Ahmed Sokoto Denies Taking Loans for Projects in Sokoto State https://www.theinfostride.com/governor-ahmed-sokoto-denies-taking-loans-for-projects-in-sokoto-state/ https://www.theinfostride.com/governor-ahmed-sokoto-denies-taking-loans-for-projects-in-sokoto-state/#respond Tue, 02 Apr 2024 20:00:32 +0000 https://www.theinfostride.com/?p=374759 Governor Ahmed Sokoto has refuted allegations that he took loans to execute projects in Sokoto State, dismissing the claims as misleading and false. The BBC Hausa Service reported that Sokoto State is among the northern states that have taken foreign loans for developmental projects, stating that the current administration had taken a foreign loan amounting [...]

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]]> https://www.theinfostride.com/governor-ahmed-sokoto-denies-taking-loans-for-projects-in-sokoto-state/feed/ 0 Ecobank Secures $250 Million Loan to Bolster Liquidity and Expand Operations https://www.theinfostride.com/ecobank-secures-250-million-loan-to-bolster-liquidity-and-expand-operations/ https://www.theinfostride.com/ecobank-secures-250-million-loan-to-bolster-liquidity-and-expand-operations/#respond Tue, 12 Mar 2024 17:18:36 +0000 https://www.theinfostride.com/?p=372840 In a strategic move to fortify its financial position and support business expansion initiatives, Ecobank has successfully obtained a $250 million loan. The funding, secured through a combination of financial partners, is expected to enhance Ecobank’s liquidity, providing the necessary capital to fuel growth, meet operational needs, and further strengthen its position in the financial [...]

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]]> https://www.theinfostride.com/ecobank-secures-250-million-loan-to-bolster-liquidity-and-expand-operations/feed/ 0 Federal Government Targets 14 Days for MSME Loan Disbursement to Boost Economic Support https://www.theinfostride.com/federal-government-targets-14-days-for-msme-loan-disbursement-to-boost-economic-support/ https://www.theinfostride.com/federal-government-targets-14-days-for-msme-loan-disbursement-to-boost-economic-support/#respond Sat, 24 Feb 2024 12:50:17 +0000 https://www.theinfostride.com/?p=371695 In a proactive move to bolster support for Micro, Small, and Medium Enterprises (MSMEs), the Federal Government of Nigeria has set its sights on a streamlined disbursement process, aiming to complete MSME loan approvals within a swift 14-day timeframe. This ambitious initiative is geared towards providing timely financial assistance to MSMEs, a vital sector of [...]

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]]> https://www.theinfostride.com/federal-government-targets-14-days-for-msme-loan-disbursement-to-boost-economic-support/feed/ 0 Boosting Recovery: World Bank Elevates Palliative Loan to $315M for Nigeria’s Economic Resilience https://www.theinfostride.com/boosting-recovery-world-bank-elevates-palliative-loan-to-315m-for-nigerias-economic-resilience/ https://www.theinfostride.com/boosting-recovery-world-bank-elevates-palliative-loan-to-315m-for-nigerias-economic-resilience/#respond Wed, 27 Dec 2023 23:27:39 +0000 https://www.theinfostride.com/?p=365764 Infostride News has reported that the World Bank has increased its disbursement to Nigeria under the National Social Safety-Net Program Scale Up (NSSP-SU). The disbursement has risen from about $300 million to $315 million, out of the approved $800 million for the program. This development, initially reported exclusively by Infostride News, signifies an additional $15 [...]

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]]> https://www.theinfostride.com/boosting-recovery-world-bank-elevates-palliative-loan-to-315m-for-nigerias-economic-resilience/feed/ 0 Nigeria Secures $2.9 Billion, Leads Global Borrowing from World Bank in 2022: Report https://www.theinfostride.com/nigeria-secures-2-9-billion-leads-global-borrowing-from-world-bank-in-2022-report/ https://www.theinfostride.com/nigeria-secures-2-9-billion-leads-global-borrowing-from-world-bank-in-2022-report/#respond Thu, 14 Dec 2023 16:42:45 +0000 https://www.theinfostride.com/?p=364295 In a recent disclosure, the World Bank unveiled that Nigeria emerged as the primary beneficiary of its fresh loans in 2022, with a substantial sum of $2.9 billion disbursed to the country. This revelation was highlighted in the International Debt Report for 2023, wherein Tanzania followed closely with a considerable financial injection of $2.7 billion [...]

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]]> https://www.theinfostride.com/nigeria-secures-2-9-billion-leads-global-borrowing-from-world-bank-in-2022-report/feed/ 0 Loan Institute Urges Operators: Embrace AI for Strategic Risk Management https://www.theinfostride.com/loan-institute-urges-operators-embrace-ai-for-strategic-risk-management/ https://www.theinfostride.com/loan-institute-urges-operators-embrace-ai-for-strategic-risk-management/#respond Thu, 30 Nov 2023 12:08:25 +0000 https://www.theinfostride.com/?p=362886 InfoStride News reports that the Chartered Institute of Loan & Risk Management of Nigeria is urging its members to adopt Artificial Intelligence (AI) as a crucial tool for addressing uncertainties in organizational and individual pursuits of objectives. Dr. Harriet Akubuiro, the President and Chairman of the institute, emphasized the need for Nigerians to recognize risks [...]

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]]> https://www.theinfostride.com/loan-institute-urges-operators-embrace-ai-for-strategic-risk-management/feed/ 0 FG Greenlights $3.45 Billion Loan for Empowering Both Power and Girls https://www.theinfostride.com/fg-greenlights-3-45-billion-loan-for-empowering-both-power-and-girls/ https://www.theinfostride.com/fg-greenlights-3-45-billion-loan-for-empowering-both-power-and-girls/#respond Tue, 24 Oct 2023 08:10:55 +0000 https://www.theinfostride.com/?p=358074 The Federal Executive Council, during its recent meeting in Abuja, gave the green light for a substantial loan application of $3.45 billion. This allocation of funds will be dedicated to the advancement of the power and renewable energy sector and the extension of the Adolescent Girls Initiative for Learning and Empowerment (AGILE) project. Mr. Wale [...]

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]]> https://www.theinfostride.com/fg-greenlights-3-45-billion-loan-for-empowering-both-power-and-girls/feed/ 0 Nigeria Anticipates Swift Arrival of $1.5 Billion World Bank Loan for Budget – Wale Edun https://www.theinfostride.com/nigeria-anticipates-swift-arrival-of-1-5-billion-world-bank-loan-for-budget-wale-edun/ https://www.theinfostride.com/nigeria-anticipates-swift-arrival-of-1-5-billion-world-bank-loan-for-budget-wale-edun/#respond Mon, 16 Oct 2023 19:23:17 +0000 https://www.theinfostride.com/?p=357239 Wale Edun, who serves as Nigeria’s Minister of Finance and also holds the position of Coordinating Minister for the Economy, has revealed that the Nigerian government is in active negotiations with the World Bank to secure a substantial $1.5 billion concessionary loan intended to provide crucial budgetary support. The announcement by Edun indicates that these [...]

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]]> https://www.theinfostride.com/nigeria-anticipates-swift-arrival-of-1-5-billion-world-bank-loan-for-budget-wale-edun/feed/ 0 IFC and Morocco’s OCP finalize a $106 million loan for two solar plants https://www.theinfostride.com/ifc-and-moroccos-ocp-finalize-a-106-million-loan-for-two-solar-plants/ https://www.theinfostride.com/ifc-and-moroccos-ocp-finalize-a-106-million-loan-for-two-solar-plants/#respond Wed, 11 Oct 2023 23:11:58 +0000 https://www.theinfostride.com/?p=356767 The International Finance Corporation (IFC) and Morocco’s OCP have finalized an agreement securing a $106 million loan for the development of two solar plants in Morocco, further advancing OCP’s efforts to boost the production of low-carbon fertilizers in the country. On October 10, the Office Chérifien des Phosphates (OCP), a Moroccan state-owned enterprise specializing in [...]

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]]> https://www.theinfostride.com/ifc-and-moroccos-ocp-finalize-a-106-million-loan-for-two-solar-plants/feed/ 0 Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal” https://www.theinfostride.com/governors-warn-that-cbns-proposed-loan-recovery-from-faac-revenue-is-suicidal/ https://www.theinfostride.com/governors-warn-that-cbns-proposed-loan-recovery-from-faac-revenue-is-suicidal/#respond Fri, 21 Oct 2022 23:28:16 +0000 https://www.theinfostride.com/?p=334619 Nigerian Governors have warned that given the constant reductions in FAAC Allocation to states, it would be suicidal if the Central Bank of Nigeria (CBN) goes ahead to carry out its proposed recovery of state loans. In reaction to the warning, the National Economic Council (NEC) said it will negotiate with the CBN and the Finance Ministry on loan recovery. The [...]

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]]> https://www.theinfostride.com/governors-warn-that-cbns-proposed-loan-recovery-from-faac-revenue-is-suicidal/feed/ 0 CBN’s Ways and Means rises to N22 trillion as of August 2022  https://www.theinfostride.com/cbns-ways-and-means-rises-to-n22-trillion-as-of-august-2022/ https://www.theinfostride.com/cbns-ways-and-means-rises-to-n22-trillion-as-of-august-2022/#respond Tue, 11 Oct 2022 22:10:12 +0000 https://www.theinfostride.com/?p=334013 The Central Bank of Nigeria (CBN), in August 2022, extended N22 trillion in loans to the federal government under its Ways and Means provision as included in the CBN Act. The Ways and Means clause permit the government to borrow money from the Apex Bank in an emergency or for a short period of time to cover fiscal imbalances [...]

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]]> https://www.theinfostride.com/cbns-ways-and-means-rises-to-n22-trillion-as-of-august-2022/feed/ 0 Nigeria to seek loan from US Export-Import Bank to fund solar projects developed by Sun Africa https://www.theinfostride.com/nigeria-to-seek-loan-from-us-export-import-bank-to-fund-solar-projects-developed-by-sun-africa/ https://www.theinfostride.com/nigeria-to-seek-loan-from-us-export-import-bank-to-fund-solar-projects-developed-by-sun-africa/#respond Tue, 09 Aug 2022 23:44:33 +0000 https://www.theinfostride.com/?p=330347 The Federal Government through the Finance Ministry is expected within the next 60 days to send a final commitment application to the American Export-Import Bank to fund a solar project in Nigeria, for Nigeria’s Niger Delta Power Holding Co. This was disclosed by Bloomberg on Monday evening after an email from Adam Cortese, chief executive [...]

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]]> https://www.theinfostride.com/nigeria-to-seek-loan-from-us-export-import-bank-to-fund-solar-projects-developed-by-sun-africa/feed/ 0 CBN ‘Ways and Means’ loan to the FG rise to N20 trillion as of June 2022 https://www.theinfostride.com/cbn-ways-and-means-loan-to-the-fg-rise-to-n20-trillion-as-of-june-2022/ https://www.theinfostride.com/cbn-ways-and-means-loan-to-the-fg-rise-to-n20-trillion-as-of-june-2022/#respond Tue, 09 Aug 2022 23:27:23 +0000 https://www.theinfostride.com/?p=330338 The Central Bank of Nigeria has extended a total sum of N19.9 trillion circa (N20 trillion) in loans to the Federal Government under its Ways and Means provision as included in the CBN Act. The Ways and Means provision allow the government to borrow from the Apex Bank if it needs short-term or emergency finance to fund delayed [...]

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]]> https://www.theinfostride.com/cbn-ways-and-means-loan-to-the-fg-rise-to-n20-trillion-as-of-june-2022/feed/ 0 Experts warn Nigerian companies against taking dollar loans https://www.theinfostride.com/experts-warn-nigerian-companies-against-taking-dollar-loans/ https://www.theinfostride.com/experts-warn-nigerian-companies-against-taking-dollar-loans/#respond Mon, 04 Jul 2022 03:02:11 +0000 https://www.theinfostride.com/?p=327883 Financial experts have sounded a warning to Nigerian companies seeking foreign-denominated loans to have a rethink as global economies responded to hyperinflation with aggressive monetary policy tightening. As the impact of the Russia-Ukraine war continues to fuel inflation globally in a way not seen in decades developing nations are responding by jacking up interest rates. [...]

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]]> https://www.theinfostride.com/experts-warn-nigerian-companies-against-taking-dollar-loans/feed/ 0 FCMB provides 300,000 underbanked Nigerians with Microloans worth N40bn https://www.theinfostride.com/fcmb-provides-300000-underbanked-nigerians-with-microloans-worth-n40bn/ https://www.theinfostride.com/fcmb-provides-300000-underbanked-nigerians-with-microloans-worth-n40bn/#respond Thu, 16 Jun 2022 22:47:02 +0000 https://www.theinfostride.com/?p=326683 First City Monument Bank (FCMB), through EasyAgents, its agency banking network and other channels, has successfully onboarded and empowered one million financially excluded Nigerians, ensuring they have a better and more sustainable future through access to financial services. As part of its financial inclusion programme, the Bank has provided microloans valued at N40 billion to over 300,000 beneficiaries [...]

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]]> https://www.theinfostride.com/fcmb-provides-300000-underbanked-nigerians-with-microloans-worth-n40bn/feed/ 0 AfDB signed $544 million in loan financing for Nigeria in 2021 https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/ https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/#respond Tue, 08 Mar 2022 22:36:21 +0000 https://www.theinfostride.com/?p=320023 Lamin Barrow, the Director-General, Nigeria Country Department of the African Development Bank (AfDB) has established that the bank signed $544 million in loan financing for five operations in Nigeria in 2021. Mr Barrow made this known on Thursday in Abuja at the opening of the 2022 Country Portfolio Performance Review (CPPR) workshop. He said the [...]

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]]> https://www.theinfostride.com/afdb-signed-544-million-in-loan-financing-for-nigeria-in-2021/feed/ 0 FG starts NG-CARES with World Bank’s $750 million loan https://www.theinfostride.com/fg-starts-ng-cares-with-world-banks-750-million-loan/ https://www.theinfostride.com/fg-starts-ng-cares-with-world-banks-750-million-loan/#respond Sun, 23 Jan 2022 22:13:11 +0000 https://www.theinfostride.com/?p=317191 In a bid to improve the Nigerian economy, the Federal Government of Nigeria launched the NG-CARES programme implementation with the World Bank’s $750 million loan. This was made known by Vice President Yemi Osinbajo, SAN, on Thursday in Abuja at the National Launch of the NG-CARES programme. NG-CARES is a multi-sectoral program that, together with [...]

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]]> https://www.theinfostride.com/fg-starts-ng-cares-with-world-banks-750-million-loan/feed/ 0 We will arrest farmers who fail to pay back loans – CBN threatens https://www.theinfostride.com/we-will-arrest-farmers-who-fail-to-pay-back-loans-cbn-threatens/ https://www.theinfostride.com/we-will-arrest-farmers-who-fail-to-pay-back-loans-cbn-threatens/#respond Sat, 11 Dec 2021 10:23:57 +0000 https://www.theinfostride.com/?p=314424 The Central Bank of Nigeria has established that farmers who fail to pay back loans gotten from the Anchor Borrowers’ Program will be arrested and locked up until they pay back the loans. This disclosure was made by the CBN Comptroller, Bauchi Branch, Saladu Idris, while speaking at the Secretariat of the Nigerian Union of [...]

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]]> https://www.theinfostride.com/we-will-arrest-farmers-who-fail-to-pay-back-loans-cbn-threatens/feed/ 0 Bad bank debtors frustrating loan recovery – CBN Governor blasts https://www.theinfostride.com/bad-bank-debtors-frustrating-loan-recovery-cbn-governor-blasts/ https://www.theinfostride.com/bad-bank-debtors-frustrating-loan-recovery-cbn-governor-blasts/#respond Sun, 17 Oct 2021 21:55:50 +0000 https://www.theinfostride.com/?p=310670 The Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that recalcitrant debtors have taken advantage the lack of prioritization of credit recovery matters by the Nigerian judicial system to frustrate debt recovery efforts of financial institutions in the country. Emefiele established this at a workshop for judicial officers on recent reforms of [...]

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]]> https://www.theinfostride.com/bad-bank-debtors-frustrating-loan-recovery-cbn-governor-blasts/feed/ 0 CBN: No bank loans for environment degraders https://www.theinfostride.com/cbn-no-bank-loans-for-environment-degraders/ https://www.theinfostride.com/cbn-no-bank-loans-for-environment-degraders/#respond Fri, 04 Jun 2021 15:38:17 +0000 https://www.theinfostride.com/?p=295939 Henceforth, any organisation or individual seeking bank loans will provide sufficient evidence that the facility will be channelled into a venture that will not pollute or harm the environment in any way. Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele, who stated this on Thursday in Abuja at the celebration of the 2021 World [...]

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]]> https://www.theinfostride.com/cbn-no-bank-loans-for-environment-degraders/feed/ 0 NIRSAL Disclaimes Commissions On Loans https://www.theinfostride.com/nirsal-disclaimes-requesting-for-commission-on-loans/ https://www.theinfostride.com/nirsal-disclaimes-requesting-for-commission-on-loans/#respond Tue, 17 Nov 2020 20:26:38 +0000 https://www.theinfostride.com/?p=274809 The attention of NIRSAL Microfinance Bank has been drawn to a requested commission in respect of loan purpoted to be from the bank. NIRSAL Microfinance Bank has therefore released a disclaimer, which was contained in a post on their page, that the bank does not require commission on any loan approved by it. The bank [...]

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]]> https://www.theinfostride.com/nirsal-disclaimes-requesting-for-commission-on-loans/feed/ 0 Etebo’s Loan Move From Stoke City Is Not Completed – Jose Bordalas https://www.theinfostride.com/etebos-loan-move-from-stoke-city-is-not-completed-jose-bordalas/ Sat, 04 Jan 2020 12:47:56 +0000 https://www.theinfostride.com/?p=244373 Getafe coach, Jose Bordalas has said there might be last-minute hindrances as they try to wrap up the transfer of Oghenekaro Etebo from Stoke City. The two clubs are reportedly in talks over the signing of the Nigeria international on a loan until the end of the season with an option to make the deal [...]

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]]> The Negative Reactions That Have Trailed The $30bn Loan Request Is Unnecessary – Olamilekan Adeola https://www.theinfostride.com/the-negative-reactions-that-have-trailed-the-30bn-loan-request-is-unnecessary-olamilekan-adeola/ Fri, 27 Dec 2019 10:33:46 +0000 https://www.theinfostride.com/?p=243873 Chairman, Senate Committee on Finance, Sen Olamilekan AdeolSen Olamilekan Adeola has come out to say that the plan by the Federal Government to borrow about 30 billion dollars is important for development to happen. Sen Olamilekan revealed this as he spoke with newsmen at the End-of the-Year-Party he organized for residents of his Lagos West [...]

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]]> Manchester United Might Sign Players On Loan In January – Ole https://www.theinfostride.com/manchester-united-might-sign-players-on-loan-in-january-ole/ Sun, 24 Nov 2019 19:12:25 +0000 https://www.theinfostride.com/?p=241717 Manchester United might use the loan market to strengthen the team in January, according to manager, Ole Gunnar Solskjaer. Mufc are still struggling to recover from their worst start to a league season for 30 years, and they are currently in 10th in the EPL after losing four of their opening 12 games. Man United [...]

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]]> I Won’t Mind A Barcelona Loan Move – Carlos Vela https://www.theinfostride.com/i-wont-mind-a-barcelona-loan-move-carlos-vela/ Thu, 24 Oct 2019 22:01:39 +0000 https://www.theinfostride.com/?p=239140 Los Angeles FC forward, Carlos Vela likes the idea of a loan move to Barcelona at the end of the MLS season. Vela said there is no way he can say no to playing alongside a player like Lionel Messi. The Los Angeles FC player was reportedly considered by Barcelona in January as they looked [...]

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]]> Pulisic Will Not Be Leaving Chelsea On Loan — Lampard https://www.theinfostride.com/i-now-expect-miraculous-things-from-hudson-odoi-marc-guehi-2/ Sat, 19 Oct 2019 03:07:31 +0000 https://www.theinfostride.com/?p=238790 Chelsea manager, Frank Lampard has said he is searching for the “the big picture” as regards Christian Pulisic’s development at Chelsea, with the ex Borussia Dortmund struggling for game time at his new club. With Callum Hudson-Odoi being back to fitness posing a further threat to his first-team spot, Pulisic has been rumored to be [...]

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]]> Arsenal Sign Dani Ceballos On Loan https://www.theinfostride.com/arsenal-sign-dani-ceballos-on-loan/ Fri, 26 Jul 2019 01:14:46 +0000 https://www.theinfostride.com/?p=236169 Arsenal have wrapped up the signing of Real Madrid midfielder Dani Ceballos on a season-long loan deal. The Spanish midfielder will wear the No. 8 shirt for the London club after Aaron Ramsey dropped the number before joining Juventus. This is Arsenal’s second signing of the summer, with Gabriel Martinelli having arrived from Ituano in [...]

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]]> Leicester City Set To Sign Youri Tielemans On Loan https://www.theinfostride.com/leicester-city-set-to-sign-youri-tielemans-on-loan/ Thu, 31 Jan 2019 19:30:20 +0000 https://www.theinfostride.com/?p=226171 Leicester are set to seal the loan signing of Monaco midfielder Youri Tielemans. Tielemans, 21, flew into the Midlands on Wednesday to complete his medical, with Portuguese midfielder Adrien Silva, 29, going the other way. The joint deal is yet to be completed but no major obstacles are anticipated. Highly rated Belgium international Tielemans, 21, [...]

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]]> Alvaro Morata Joins Atletico Madrid On Loan https://www.theinfostride.com/alvaro-morata-joins-atletico-madrid-on-loan/ Mon, 28 Jan 2019 22:12:56 +0000 https://www.theinfostride.com/?p=226019 Alvaro Morata has completed a move to Atletico Madrid from Chelsea on an initial loan deal until the end of the 2019/20 season. Former Real Madrid and Juventus forward Morata, 26, is returning to the Spanish capital after an 18-month spell in London, and completed a medical on Sunday morning. His words, “I feel a [...]

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]]> A Good Loan Is A Loan To Play – Jose Mourinho https://www.theinfostride.com/a-good-loan-is-a-loan-to-play-jose-mourinho/ Mon, 13 Aug 2018 12:34:04 +0000 https://www.theinfostride.com/?p=213379 Fulham have completed a triple loan move to land Manchester United defender Timothy Fosu-Mensah, Sevilla goalkeeper Sergio Rico and Atletico Madrid striker Luciano Vietto on transfer deadline day. Fosu-Mensah, 20, signed a season-long loan deal at Craven Cottage after spending the last campaign at Crystal Palace. Newly promoted Fulham beat competition from Bundesliga side Hertha [...]

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]]> Timothy Fosu-Mensah Joins Fulham On Loan https://www.theinfostride.com/timothy-fosu-mensah-joins-fulham-on-loan/ Fri, 10 Aug 2018 07:37:10 +0000 https://www.theinfostride.com/?p=213137 Fulham have completed a triple loan move to land Manchester United defender Timothy Fosu-Mensah, Sevilla goalkeeper Sergio Rico and Atletico Madrid striker Luciano Vietto on transfer deadline day. Fosu-Mensah, 20, signed a season-long loan deal at Craven Cottage after spending the last campaign at Crystal Palace. Newly promoted Fulham beat competition from Bundesliga side Hertha [...]

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]]> Gonzalo Higuain Set To Join AC Milan On Loan? https://www.theinfostride.com/gonzalo-higuain-set-to-join-ac-milan-on-loan/ Wed, 01 Aug 2018 22:09:31 +0000 https://www.theinfostride.com/?p=212430 Gonzalo Higuain’s transfer from Juventus to AC Milan is “just about” completed, according to the Bianconeri’s general manager Beppe Marotta. Marotta met with Milan representatives on Wednesday afternoon to discuss the move, and emerged to respond to reporters who asked if a deal had been struck, according to La Gazzetta dello Sport. Marotta was also [...]

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