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Posts published in “loan”

Kwara State floats N900m interest-free loans for 1,200 young entrepreneurs

Kwara State Government has rolled out plans to support young entrepreneurs in the state with huge interest-free loans.

The Acting General Manager of Kwara State Social Investment Programme, Mohammed Brimah, who disclosed this in a statement, said the first phase of the programme targeted at least 300 youngsters with viable business proposals.

Dutch govt grants $2.4 bln in subsidies to huge carbon storage project

The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell (RDSa.L) and ExxonMobil (XOM.N) around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday.

Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide and Air Products (APD.N) for a project which aims to capture CO2 emitted by factories and refineries in the Rotterdam port area and store it in empty Dutch gas fields in the North Sea. read more

United States Justice Department probing Kabbage, fintechs over PPP loan calculations

The United States Department of Justice is investigating whether financial technology companies including Atlanta-based Kabbage Inc may have erred while distributing billions of dollars in pandemic aid to struggling small businesses, three people with knowledge of the matter told Reuters.

The investigation, led by the Justice Department’s civil division, is examining whether Kabbage and other fintech companies miscalculated how much aid borrowers were entitled to from the Paycheck Protection Program (PPP) due to confusion over how to account for payroll taxes, the three people said.

CBN Disburses N83.9bn Loans to Pharmaceutical Companies

The Central Bank of Nigeria says it has disbursed N83.9bn loans to pharmaceutical companies and healthcare practitioners to support 26 pharmaceutical and 56 medical projects across the country.

The CBN Governor, Godwin Emefiele, disclosed this on Friday at the launch of a documentary film, ‘Unmasked’, in Lagos.

Bad Loans in Real Estate, Construction Sectors hit N226.62bn

The amount of non-performing loans recorded by Nigerian banks in the real estate and construction sectors rose to N226.62bn at the end of last year, latest data obtained from the National Bureau of Statistics have shown.

The NPLs in the real estate and construction sectors jumped by 66.57 per cent in 2020 from N136.05bn in 2019, according to the NBS data.

Financial Experts lament N226bn Real Estate, Construction Bad Loans

Financial experts in the country have lamented the increasing non-performing loans in the real estate and construction industry.

The Nigerian Bureau of Statistics in its latest report on selected banking sectors disclosed that non-performing loans from banks to the real estate and construction sectors were in excess of N226bn.

How to Apply for Federal Government Green Stimulus Empowerment Programme 2021

Information reaching us has it that the Federal government of Nigeria has opened a new portal for another empowerment programme called Green Stimulus Programme.

How to Apply for FEDERAL GOVERNMENT Green Stimulus Empowerment Programme 2021

The Green Stimulus empowerment programme is a part of the Economic Sustainability Programme, implemented under the initiative of the Federal Ministry of Youths and Sports Development in Nigeria.

How To Apply for Enugu SMEs Micro Credit Loan Scheme

Are you searching for a loan scheme where you borrow money for your business? If yes, then we are pleased to inform you that the Enugu SMEs Micro Credit Loan Programme is ongoing and indigenes of Enugu State can now apply.

How To Apply for Enugu SMEs Micro Credit Loan Scheme

How To Check Your N-power Exit Package On NEXIT Portal – Step by Step

Are you an N-Exit portal, N-power programme applicants who has been searcing for ways to check your N-power Exit status Exist status), Pending status, and/or Exit package on the Nexit portal? If yes please try to read this important post to the end.

How To Apply For FCMB/YEDP Business Loans

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