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Banks Cut CBN Deposits by N942 Billion in One Day
Economy

Personal Loans Rise To N2tn As Nigerians Borrow More

Personal loans obtained by Nigerians rose to an estimated N2.06tn in May 2026, as households increasingly turned to credit amid rising living costs...

Over 67,000 Nigerians Benefit from Consumer Credit Scheme, Tinubu Says
EconomyBusinessNigeria

Over 67,000 Nigerians Benefit from Consumer Credit Scheme, Tinubu Says

More than 67,000 Nigerians across 25 states and the Federal Capital Territory have received credit through the National Credit Guarantee Company (NCGC), President...

Anambra Govt Releases Records of Alleged Unpaid Debts Under Peter Obi
NigeriaActive

Anambra Govt Releases Records of Alleged Unpaid Debts Under Peter Obi

The Anambra State Government has released records it says show outstanding debts and financial obligations allegedly linked to the administration of former Governor...

ByteDance secures $29.6 billion loan to fund AI expansion
WorldBusinessInfrastructure & DevelopmentTechnology

ByteDance secures $29.6 billion loan to fund AI expansion

ByteDance has secured a $29.6 billion loan from nearly 30 banks, as strong demand from lenders highlights growing investor confidence in the Chinese...

FCMB Increases FastCash Instant Loan Limit to ₦500,000
BusinessNigeria

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,...

FCMB Increases FastCash Loan Limit to N500,000
BusinessNigeria

FCMB Increases FastCash Loan Limit to N500,000

By Benson Daniel First City Monument Bank has increased the maximum amount available under its FastCash instant loan facility to N500,000, giving eligible...

Whitecrust Investment Expands Operations to Bridge Funding Gap for Underserved Businesses
NigeriaBusiness

Whitecrust Investment Expands Operations to Bridge Funding Gap for Underserved Businesses

By Benson Daniel Whitecrust Investment Limited has expanded its operations with the opening of its 10th branch in Kano State, as the financial...

Nigeria’s Consumer Credit Falls 20% to ₦3.8tn
BusinessNigeria

Nigeria’s Consumer Credit Falls 20% to ₦3.8tn

By Benson Daniel Consumer credit in Nigeria declined by 20 per cent to ₦3.8 trillion, reflecting slower household borrowing amid high interest rates,...