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Posts published in “loan”

PayPal Becomes The Largest Non-bank Lender With Over $54B In Total Assets

Non-bank lenders have become a popular alternative to traditional banks when it comes to acquiring loans. According to data presented by, PayPal is the largest non-bank lender in the world with $54.27B in total assets.

Non-Bank Lenders Become Popular, PayPal is Largest with $54B in Total Assets
Many small businesses around the world rely on alternative financing companies for their capital with traditional banks often having strict requirements such as a good credit score. Non-bank lenders like PayPal aim to be the source of funding for these businesses often having less stringent requirements.

Federal Government Set To Borrow $1.2 Billion For Agricultural Mechanisation, Others

The Federal Government of Nigeria is set to borrow $1.2bn from the Dutch Bank and the Development Bank office Brazil to provide for mechanised agriculture in Nigeria.

Senior Special Adviser to the President on Agriculture, Andrew Kwasari, told journalists in Abuja on Wednesday that the initiative was under the Green Imperative Project of government.

Federal Government Plans more Borrowing from Domestic Sources

The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023.

The strategy allows the government to borrow more from domestic sources.

Bank of Industry Pays 311,000 Beneficiaries from Payroll Support Scheme

The Bank of Industry in Nigeria said it has verified over 64,000 companies that applied to benefit from the Payroll Support scheme of the Federal Government and paid 311,000 beneficiaries under the scheme.

A statement on Tuesday said the BOI Stakeholder Engagement Representative, Mr Akan Ekure, disclosed this while speaking in Abuja on Tuesday.

Tough Times Await Chronic Loan Defaulters In Nigeria – CBN

The central bank of Nigeria through it’s recent policy directives to banks in Nigeria says tough times await chronic loan defaulters.

It was a busy Tuesday afternoon in Lagos. Business executives and entrepreneurs were rushing to beat the usual traffic jam on the Third Mainland Bridge, which separates the Lagos mainland from the Island.

Mainstreet Microfinance Bank Raises Loan Limit to N50m

Mainstreet Microfinance Bank has increased its maximum loan limit to N50m for businesses.

In a statement titled ‘Mainstreet MfB boosts SMEs with up to N50m enterprise loan’, the bank explained that the essence of the move was to empower individuals and businesses to meet their aspirations especially during the pandemic.

Credit Bureaux Assess Pointek Customers for Loans

Pointek, Nigeria’s retail store for technology products, says it is working with the credit bureaux to determine the creditworthiness of customers that require loans to buy its products.

Its Business Manager, Jimoh Mustapha, said this at the unveiling of ex-Big Brother Nigeria housemate and radio personality, Ozoemena ‘Ozo’ Chukwu, as its new brand ambassador, while explaining how what a customer can access depends on their credit rating.

19 Companies That Gives Quick Loan Without Collateral In Nigeria

Most Individuals, Families and businesses in Nigeria are currently in a bad financial state as a result of the severe impact of the COVID -19 pandemic ravaging the whole world. In response to this great financial crisis, the affected businesses now look towards getting quick loans without collateral from Fintech companies in Nigeria and avoiding the stress associated with getting loans from commercial banks in the country.So to assist business owners get access to quick loan, we have put together a list of about 19 Fintech company websites that gives quick loan without collateral to Nigerians online.
Below is the list of 19 Fintech company that gives quick loans without collateral to Individuals and small businesses in Nigeria.