Tag: Loan

Dangote says $2.4bn borrowed to fund refinery repaid

Dangote says $2.4bn borrowed to fund refinery repaid   Aliko Dangote, Africa’s richest person, says he has repaid about $2.4 billion of the $5.5 billion borrowed to build his $19 billion refinery. Speaking at the Afreximbank annual meetings (AAN) and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas, on[Read More…]

Union Bank, BFREE Forge Strategic Partnership to Revitalise Loan Portfolios

Union Bank, BFREE Forge Strategic Partnership to Revitalise Loan Portfolios   Union Bank of Nigeria and BFREE, a cutting-edge German-Nigerian FinTech firm, have signed a Memorandum of Understanding (MOU). This agreement, according to a statement, signifies a joint commitment to addressing economic challenges and revitalising distressed loan portfolios in Nigeria[Read More…]

FCMB’s SheVentures launches interest-free loans for female exporters

FCMB’s SheVentures launches interest-free loans for female exporters First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme to support women-owned businesses in Nigeria looking to expand into global markets. The programme will give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export[Read More…]