The advent of technology and the internet have made the creation of online loan platform easy. Lending has been made possible by technology platforms thereby making brands scrambling for prospective customers Online loan platforms were first created by non-bank owners who act as brokers, collecting a fee to match borrowers[Read More…]
Tag: loan
Shelve Plans Of $1.5bn World Bank Loan, DPR Warn FG
The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing a $1.5 billion loan request sent to the World Bank. In a statement on Friday, the agency said it has remitted $1.03 billion to the federal government with an additional $600m underway from oil[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]