By Rukayat Moisemhe The Money Lenders Association (MLA) has backed the recent enforcement by the Federal Competition and Consumer Protection Commission (FCCPC)...
Tag - Lending
The Federal Competition and Consumer Protection Commission, FCCPC, says it has registered and approved 211 digital loan apps at the end of October 2023. The...
The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the...
The Monetary Policy Committee is due to begin its two-day meeting on the economy on Monday (today) amid the economic crisis fuelled by the naira redesign...
The maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Figures...
This is because the country can only develop better and survive economically under a thriving SME culture as well as an economy where the purchasing power of...
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A figure released by the Central Bank of Nigeria has shown that the gap between the savings and lending rates in the banking sector widened by 25.33 percent in...
Kayode Tokede Amid rising inflation rate that is expected to hike operating cost and plud profitability, banks have reduced maximum lending rate to 26.61 per...
“While I was working there, I noticed a very interesting phenomenon: even deep in Ugandan villages, farmers had access to mobile phones and were very...
Advertisement The federal government of Nigeria has stated that there are about 70-90 loan application platforms currently operating in the country. Babatunde...
