Tag Archives: Loans

The Federal Government must take more loans if its plan to fund infrastructure is to be realised, according to the Senior Analyst at Agusto & Co, Mr. Jimi Ogbobine. Ogbobine said this on Sunday at a training for financial journalists during the Finance Correspondents Association of Nigeria 2018 annual workshop in Lagos. He stated that the government was expected to ...

An agricultural expert, Alhaji Tajudeen Olatunji, has tasked the Federal Government to double its commitment and devout more resources towards the development of the agricultural sector in the country. He said it is the only means to drive the nation’s economic growth and create more employment for youths. Olatunji, who is the Chief Financial Officer (CFO) of Onifarm Limited, made ...

Loans from banks to the industrial sector of the Nigerian economy grew by N1.74 trillion in three years from a total of N4.54 trillion in the first quarter of 2015 to N6.28 trillion by the final quarter of 2017. The loans were disbursed to four sub-sectors of the industrial sector: mining and quarrying, oil and gas; power and energy; and ...

N10 billion have been revealed by the Nigeria Police Force to be contributed in remittances to the National Housing Fund since the inception of the scheme. The Inspector-General of Police, Mr Ibrahim Idris, disclosed the information at the inauguration of the Nigeria Police Mortgage Bank Cash Centre and ATM gallery in Abuja. Mr Ibrahim said that the aim of the ...

Resort Savings and Loans Plc says it has secured the Federal Mortgage Bank of Nigeria’s approval for N1.5bn mortgages for more than 125 beneficiaries under the National Housing Fund Scheme. According to the mortgage bank, this comes amid the struggle by the nation to tackle the challenge of providing affordable housing for its citizens. A statement from the company quoted ...

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...