loans – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 27 Jan 2026 23:53:02 +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 loans – InfoStride News https://www.theinfostride.com 32 32 Digitvant Provides Business Loans to Over 50,000 Enterprises https://www.theinfostride.com/digitvant-provides-business-loans-to-over-50000-enterprises/ https://www.theinfostride.com/digitvant-provides-business-loans-to-over-50000-enterprises/#respond Wed, 28 Jan 2026 12:00:13 +0000 https://www.theinfostride.com/?p=463443 Digitvant, a leading digital lending firm in Nigeria, has announced that it has successfully disbursed loans to more than 50,000 small and medium enterprises (SMEs) across the nation. The move underscores the company’s rapid expansion and commitment to addressing financing gaps in the informal and micro-enterprise segment. Since launching its lending platform in mid-2023, Digitvant [...]

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]]> https://www.theinfostride.com/digitvant-provides-business-loans-to-over-50000-enterprises/feed/ 0 States Face 68% Surge in Foreign Debt Servicing Costs https://www.theinfostride.com/states-face-68-surge-in-foreign-debt-servicing-costs/ https://www.theinfostride.com/states-face-68-surge-in-foreign-debt-servicing-costs/#respond Mon, 11 Aug 2025 17:36:27 +0000 https://www.theinfostride.com/?p=464698 Several Nigerian states are grappling with a steep rise in their external debt servicing obligations, with new figures indicating a 68 percent surge in foreign debt payments. The increase, attributed to currency depreciation, higher interest rates on external loans, and lingering economic pressures, has intensified fiscal strains on subnational governments already battling revenue shortfalls. According [...]

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]]> https://www.theinfostride.com/states-face-68-surge-in-foreign-debt-servicing-costs/feed/ 0 FirstBank hits ₦1 trillion in digital loan disbursements https://www.theinfostride.com/firstbank-hits-%e2%82%a61-trillion-in-digital-loan-disbursements/ https://www.theinfostride.com/firstbank-hits-%e2%82%a61-trillion-in-digital-loan-disbursements/#respond Sat, 19 Jul 2025 14:48:27 +0000 https://www.theinfostride.com/?p=462387 FirstBank of Nigeria has made a significant breakthrough in its financial services mandate, announcing that it has now dispersed over ₦1 trillion in digital loans to individuals and small businesses—cementing its role at the forefront of financial inclusion and innovation. The milestone underscores the bank’s commitment to leveraging technology to reach underserved borrowers and bolster Nigeria’s [...]

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]]> https://www.theinfostride.com/firstbank-hits-%e2%82%a61-trillion-in-digital-loan-disbursements/feed/ 0 CREDICORP Disburses Loans to 20,000 Soldiers https://www.theinfostride.com/credicorp-disburses-loans-to-20000-soldiers/ https://www.theinfostride.com/credicorp-disburses-loans-to-20000-soldiers/#respond Fri, 17 Jan 2025 08:57:49 +0000 https://www.theinfostride.com/?p=400864 CREDICORP, a leading financial services provider, has announced the successful disbursement of loans to 20,000 soldiers as part of its tailored financial inclusion program. The initiative aims to support the welfare of military personnel by providing them with access to affordable credit facilities. In a statement, CREDICORP’s CEO, Bola Adeyemi, emphasized the company’s commitment to [...]

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]]> https://www.theinfostride.com/credicorp-disburses-loans-to-20000-soldiers/feed/ 0 LASG disburses N25 billion in loans and grants to SMEs in 6 years https://www.theinfostride.com/lasg-disburses-n25-billion-in-loans-and-grants-to-smes-in-6-years/ https://www.theinfostride.com/lasg-disburses-n25-billion-in-loans-and-grants-to-smes-in-6-years/#respond Wed, 17 Jul 2024 08:55:13 +0000 https://www.theinfostride.com/?p=383599 Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, announced that the state government has disbursed approximately N25 billion in grants and single-digit loans to Small and Medium Enterprises (SMEs) through the Lagos State Employment Trust Fund (LSETF) over the past six years to boost productivity and economic growth.   He disclosed this on Thursday at the 2024 [...]

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]]> https://www.theinfostride.com/lasg-disburses-n25-billion-in-loans-and-grants-to-smes-in-6-years/feed/ 0 Spleet raises $625,000 pre-seed funding round https://www.theinfostride.com/spleet-raises-625000-pre-seed-funding-round/ https://www.theinfostride.com/spleet-raises-625000-pre-seed-funding-round/#respond Wed, 23 Mar 2022 21:56:50 +0000 https://www.theinfostride.com/?p=321215 Spleet, a Nigerian prop-tech startup, has received a $625,000 pre-seed funding round as it looks to further its drive to provide tenants with affordable loans to help them pay their rent. The funding is an oversubscribed pre-seed round, which was led by MetaProp VC including other participants like  Future Africa, FEDHA Capital, VFD Group, Moonshot [...]

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]]> https://www.theinfostride.com/spleet-raises-625000-pre-seed-funding-round/feed/ 0 Loan approvals to Nigeria has now reached $5.5 billion – AfreximBank https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/ https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/#respond Tue, 19 Oct 2021 20:43:17 +0000 https://www.theinfostride.com/?p=310759 Afreximbank’s disclosed that the total loan approvals to Nigeria has now reached $5.5 billion, accounting for 26.8% of its  African portfolio. This was made public by Dr George Elombi, Afreximbank’s Executive Vice President of Corporate Governance and Legal Services, at the intra-African Trade Fair 2021 official Nigeria high-level roadshow in Lagos on Monday, according to [...]

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]]> https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/feed/ 0 New $6.2b Euro bond defies DMO’s plan for concessionary loans https://www.theinfostride.com/new-6-2b-euro-bond-defies-dmos-plan-for-concessionary-loans/ https://www.theinfostride.com/new-6-2b-euro-bond-defies-dmos-plan-for-concessionary-loans/#respond Fri, 06 Aug 2021 22:11:29 +0000 https://www.theinfostride.com/?p=303151 Erudite Economist and professor emeritus, Olu Ajakaiye has expressed shock and disbelief that the Debt Management Office (DMO) has resorted to borrowing $6.2 billion fresh capital from the international capital markets which have been described as very expensive and against the Agency’s plan to opt for concessionary loans. Ajakaiye, who is the Ibadan-based African Centre [...]

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]]> https://www.theinfostride.com/new-6-2b-euro-bond-defies-dmos-plan-for-concessionary-loans/feed/ 0 We Will Give Seven-Year Loans To Nigerian Corpers – CBN https://www.theinfostride.com/we-will-give-seven-year-loans-to-nigerian-corpers-cbn/ Fri, 21 Jun 2019 19:43:34 +0000 https://www.theinfostride.com/?p=235022 The Central Bank of Nigeria has revealed that it will provide loans to National Youth Service Corps members to begin small and medium scale enterprises, which will be paid in seven years. CBN Governor, Dr Godwin Emefiele disclosed this in Abuja as he received the NYSC Director-General, Brig. Gen. Shuaibu Ibrahim, in his office. He [...]

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]]> Availability Of Loans Should Be Advertised – Nyesom Wike https://www.theinfostride.com/availability-of-loans-should-be-advertised-nyesom-wike/ Sun, 03 Jun 2018 21:52:56 +0000 https://www.theinfostride.com/?p=207944 Governor of Rivers said on Tuesday that he was committed to delivering more developmental projects to the people of the state. Wike said this in Port Harcourt while rendering his third anniversary scorecard as part of activities marking 2018 Democracy Day celebration. Noting that he had provided people-oriented governance, Wike said he had introduced a [...]

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]]> Loans That Are Not Sustainable Should Not Be Given Out – Aminu Tambuwal https://www.theinfostride.com/loans-that-are-not-sustainable-should-not-be-given-out-aminu-tambuwal/ Sat, 10 Mar 2018 01:26:25 +0000 https://www.theinfostride.com/?p=201856 Aminu Tambuwal has said the prevailing interest rate charged by banks is hurting small businesses in the country and should be reviewed downwards to enhance growth and economic stability. “I want to urge banks in the country, and especially the Central Bank of Nigeria (CBN), to look into this problem because many small and medium [...]

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]]> Sokoto State Government To Provide N250m Loans To 25,000 Women https://www.theinfostride.com/sokoto-state-government-to-provide-n250m-loans-to-25000-women/ Sun, 12 Feb 2017 15:23:53 +0000 http://www.theinfostride.com/?p=156317 Gov. Aminu Tambuwal of Sokoto State says the state government in collaboration with the Bank of Industry (BOI) will provide N250 million soft loans to 25, 000 women across the state. Tambuwal, who was speaking with newsmen in Sokoto on Saturday, said the soft loans was aimed at empowering women across the state. ” We [...]

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]]> Only Loans Can Solve Economic Crisis – Kemi Adeosun https://www.theinfostride.com/only-loans-can-solve-economic-crisis-kemi-adeosun/ Wed, 10 Aug 2016 14:33:01 +0000 http://www.theinfostride.com/?p=139641 Minister of Finance, Kemi Adeosun, has said that Nigeria has no option than to borrow in order to invest in the economy. The minister who was speaking on Tuesday, August 9, at a town hall meeting in Abuja said that the federal government is, however, exercising caution about its borrowing to avoid leaving a heavy [...]

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]]> Bayelsa APC Accuses Governor Dickson Of Squandering 88 Billion Naira Loan https://www.theinfostride.com/bayelsa-apc-accuses-governor-dickson-of-squandering-88-billion-naira-loan/ Sun, 01 Nov 2015 11:04:32 +0000 http://www.theinfostride.com/?p=104797 Bayelsa State chapter of All Progressives Congress (APC) yesterday gave sordid details of some of the loans allegedly obtained by Governor Seriake Dickson. The party said he should account for the 88 billion naira loans. The Sylva/Igiri Campaign Organisation (SICO), the campaign outfit of the APC governorship candidate, Chief Timipre Sylva and his running mate, [...]

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]]> #Rivers > Why I Collected 30 Billion Naira Loan – Governor Wike https://www.theinfostride.com/nigeria-why-i-collected-n30bn-loan-wike/ Sat, 12 Sep 2015 11:30:25 +0000 http://www.theinfostride.com/2015/09/nigeria-why-i-collected-n30bn-loan-wike/ Governor Nyesom Wike of Rivers State has said that he decided to take loans after he assumed office in order to pay backlog of salaries owed workers and complete some abandoned projects in the state. He pointed out that it would have been difficult for his administration to pay contractors if he had waited for [...]

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