The Federal Executive Council (FEC) has approved a N758 billion bond to address the backlog of pension arrears owed to retirees under the Defined Benefit Scheme....
In a move to support President Bola Tinubu’s fiscal strategy for the 2024 fiscal year, the Nigerian Senate has given the green light to his $2.2...
Edo State Governor-Elect, Monday Okpebholo, has categorically denied rumors that he plans to secure a $45 million loan from a Chinese agency to fund the construction...
The World Bank on Monday approved a $1.57 billion loan to support ongoing projects in Nigeria. The loans are to support the Federal Government in enhancing...
The Central Bank of Nigeria (CBN) has promised continued support to the Federal Government through ways and means advances. However, such will not be more than...
The Nigerian Education Loan Fund (NELFUND) has cleared 22 more state-owned tertiary institutions to apply for student loans. The NELFUND revealed this via its X handle....
The management of the Nigerian Education Loan Fund (NELFUND), on Wednesday affirmed that 12 state government-owned tertiary institutions have been onboarded to the student loan application...
Socio-Economic Rights and Accountability Project (SERAP) has sent a complaint to the World Bank Inspection Panel urging the Panel “to probe allegations of corruption in the...
Afreximbank and Spiro, an Indian electric car business, have inked a $50 million debt financing agreement to enable Spiro to increase the scope of its product...
The Central Bank of Nigeria (CBN) has said that banks loans to the private sector and the government declined by N24t trillion in March this year....
The Federal Government is set to receive a $2.2 billion loan from the World Bank at a low interest rate of about 1%. This is even...
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct appropriate ministries, departments and agencies (MDAs) to provide copies of the loan agreements...
The Katsina State government on Wednesday denied taking any loan since its assumption of office. The government was responding to a claim by the Debt Management...
The World Bank is poised to extend another $500 million loan to the Federal Government of Nigeria, to support agricultural markets and rural access. This program,...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Tuesday the Federal Government would audit the N22.7 trillion Ways and Means...
Nigeria is seeking a fresh $1.5bn loan from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira and to...
The Federal Government said on Monday that it has obtained two loans to finance various projects in important economic sectors, one from the African Development Bank...
The BRICS nations; Brazil, Russia, India, China and South Africa, have agreed to reduce their reliance on the dollar in loan advances to their members. This...
News broke on Wednesday that Nigeria’s national oil company, the Nigeria National Petroleum Company Limited (NNPCL) signed a loan agreement to the tune of $3 billion...
The Nigerian National Petroleum Corporation (NNPC) Limited on Wednesday secured a $3 billion emergency crude repayment loan from the African Export-Import Bank (Afreximbank) to stabilise the...
Islamic advocacy group, Muslim Rights Concern (MURIC), has called on the Federal Government to make available non-interest soft loans to Muslims in the country. MURIC Executive...
President Bola Tinubu on Thursday, wrote to the Senate seeking approval to access an additional $800 million from the World Bank for the National Social Safety...
Nigerian banks extended N1.3 trillion in credit to private sector players during the first quarter of 2023, bringing the total to N43 trillion. The figures were...
The Debt Management Office (DMO) has dismissed as outright falsehood a report that Nigeria has defaulted on the repayment of the Chinese loans. In a statement...
The Federal Government of Nigeria had recently secured $800 million loan from the World Bank to provide palliatives for over 50 million Nigerians after the removal...
A middle-aged woman simply identified as Mama Dada has set herself ablaze in Oke-Keesi, Itoko area of Abeokuta, Ogun State, over a N70,000 loan. An eyewitness,...
The House of Representatives on Tuesday approved President Muhammadu Buhari’s request for an additional N1 trillion loan from the Central Bank of Nigeria (CBN). This followed...
The Delta State Government has denied seeking fresh loans from commercial banks to the tune of N120 billion. This was on the backdrop of the rumour...
The Chairman of the Senate Committee on Army, Ali Ndume, said on Friday evening that the Senate was not aware of the N22 trillion Ways and...
The All Progressives Congress (APC) presidential candidate, Bola Tinubu, on Friday, allayed the fears of Nigerians on the country’s debt profile. Tinubu, who spoke during the...
The Debt Management Office (DMO) has revealed that Nigeria in the first three months of 2022 borrowed N2.04 trillion. It stated this in a statement published...
Nigerian banks handed over N5.1 trillion in credit to private sectors players in 2021 as total credit to private sector now stands at N36.7 trillion. The...
The Senate on Wednesday approved President Muhammadu Buhari’s request for a $5.8 billion loan under the 2018-2020 External Borrowing (Rolling) plan. The approval followed the consideration...
The House of Representatives has outlined conditions under which the lower federal chamber would give it’s approval to the fresh loan request of N4.89 trillion made...
Oyo State House of Assembly on Tuesday approved Governor Seyi Makinde’s request for N6 billion loan to bridge the infrastructural deficit in the state. The governor...
Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument...
The People’s Republic of China has assured Nigerians that the country would not slip into a debt trap since its loans are mutually beneficial. Mr Cui...
It is no longer news that Nigeria intends to take additional loans in the coming years to close budget gaps. The news is that in the...
The Delta State Governor, Ifeanyi Okowa, has been criticised by the opposition All Progressives Congress (APC) over the recent N4 billion loan approved by the House...
Last week, Vice President Yemi Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande, washed him off any link to 2023 presidential election. In unmistaken...
Honeywell Flour Mills has questioned a statement by Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) that it defaulted on its loan from First Bank...
The Senate on Wednesday approved fresh $1.5billion and €995million external loans for the Federal Government. The upper legislative chamber took the decision after the Chairman of...
Nigeria, Africa’s largest economy, had last year incurred an additional N14.5 trillion debt. This followed the decision of the Central Bank of Nigeria to convert the...
The House of Representatives on Monday accused Nigerian government officials of too much desperation in signing loan agreements at any condition. The Chairman of the House...
The Buhari Media Organisation (BMO) has applauded senators of the Peoples Democratic Party (PDP) for their role in the Senate approval of President Muhammadu Buhari’s $5.513...
The World Bank has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria,...
The House of Representatives has put on hold the deliberations on the $22.79 billion credit line request by President Muhammadu Buhari. At the Wednesday sitting, the...
AFC approves $230 million loan for 9mobile – NEWS From Etisalat to 9mobile – the story in between Company’s debt history What’s the future? Technically, the...
The Ogun State Government has revealed that it is about obtaining a $350 million loan facility from the World Bank, less than a month to the...
The Central Bank of Nigeria (CBN) said the maximum credit issuable to agriculture, manufacturing, and other related sectors that are employment and growth stimulating to the...
