Loans

January 02, (THEWILL) — Nigeria’s banking sector has recorded a notable rise in non-performing loans (NPLs, with the industry-wide ratio climbing to about 7 percent in 2025, above the 5 percent prudential limit, following the Central Bank of Nigeria’s...

December 05, (THEWILL) — Nigeria’s banking sector is facing a deepening crisis as non-performing loans (NPLs) surge despite falling short of macro-economic explanations. Data from the Central Bank of Nigeria (CBN) show widespread repayment failures in 2025 across small...

December 10, (THEWILL) - Ecobank Transnational International (ETI) as sealed a deal that will avail $200 million in sustainability-linked loan to the lender, the Lomé-based banking group said Friday. The group of five European Development Institutions are Proparco, Norfund, FMO,...

December 08, (THEWILL) - Nigeria’s debt stock stood at N87.37 trillion as at September 30, 2023, the Debt Management Office (DMO) said on Friday. Director General of DMO, Ms. Patience Oniha, disclosed this on Friday, during an interactive session of...

November 06, (THEWILL) - Fitch Ratings has affirmed Nigeria’s long-term foreign currency credit default outlook at B- citing recent policies by President Tinubu as responsible for the stable outlook. It also raised concerns over the proposed $10 billion forex loan...

October 20, (THEWILL) - The Economic and Financial Crimes Commission (EFCC), has warned loan companies to stop using its name to intimidate and harass defaulters. In a statement issued on Friday, by its spokesperson, Dele Oyewale, the anti-graft agency said...

October 08, (THEWILL) - The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The IMF Managing Director Kristalina Georgieva met...

August 16, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) Limited says it has secured a $3 billion emergency crude repayment loan to support the Naira and stabilise the foreign exchange market. The Corporation, in a statement on its X...

August 08, (THEWILL) - President Bola Tinubu on Tuesday, at the State House in Abuja, vowed to end the country’s over-reliance on borrowing to finance public spending. The President made the pledge when he inaugurated a committee to reform...

May 17, (THEWILL) - President Muhammadu Buhari has written to the House of Representatives, seeking approval for an additional $800 million loan for the National Social Safety Net Programme (NASSP) from the World Bank. The letter titled, "REQUEST FOR APPROVAL...