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LCCI Says CBN Rate Cut Could Boost Private Investment and Economic Activity
The Lagos Chamber of Commerce and Industry (LCCI) has said the Central Bank of Nigeria’s decision to reduce the Monetary Policy Rate (MPR)...
Manufacturers still pay over 32% for credit despite easing rates
By Benson Daniel Nigeria’s manufacturers may have received some relief from falling borrowing costs, but bank credit remains painfully expensive for businesses trying...
FCMB Increases FastCash Instant Loan Limit to ₦500,000
By Benson Daniel First City Monument Bank has increased the maximum amount customers can access through its FastCash digital loan facility to ₦500,000,...
Manufacturers Warn Rising Credit and Production Costs Could Derail Recovery
By Benson Daniel Nigeria’s manufacturing sector is facing renewed pressure from high borrowing costs and rising production expenses, with operators warning that the...
Female Entrepreneurs Record Lower Loan Defaults Than Men – Moniepoint
By Benson Daniel Female entrepreneurs are recording significantly lower loan default rates than their male counterparts, highlighting the growing creditworthiness of women owned...
Banks Urged to Inject N4.65trn into MSMEs to Drive Economic Growth
By Benson Daniel The Chartered Institute of Bankers of Nigeria has urged commercial banks to channel a significant portion of the N4.65 trillion...
