The International Monetary Fund (IMF) has expressed concerns about the Nigerian government’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank…
The Federal Government under President Bola Tinubu has cancelled $717.7 million in undisbursed World Bank loan meant to support reforms in Nigeria’s power sector. The decision came after…
Dele Oye, chairman of the Alliance for Economic Research and Ethics LTD/GTE, has raised concern over the rise in Nigeria’s public debt. According to Tribune, Oye said the…
Nigeria has maintained its spot as the third-largest borrower from the International Development Association (IDA), the concessional lending arm of the World Bank. Figures from the IDA’s March…
The President Bola Tinubu government is currently discussing a fresh $1.25 billion loan with the World Bank, according to a document seen by Channels Television. The document, titled…
The House of Representatives has approved a request by President Bola Tinubu to secure a $516.3 million foreign loan for parts of the Sokoto–Badagry superhighway project. The approval…
President Bola Tinubu has asked the Senate to approve a $516.3 million foreign loan to fund part of the Sokoto–Badagry highway project. The request was read during Thursday’s…
The National Assembly has given approval to President Bola Tinubu’s request to secure $6 billion in external loans. The president had earlier written to lawmakers, seeking approval for…
The World Bank has set aside up to $12 million in loans for Nigerian states that host camps or communities of internally displaced persons (IDPs). The loan was…
The Senate has approved President Bola Tinubu’s request to secure N1.15 trillion from the domestic debt market to cover the remaining 2025 budget deficit. The decision came after…
President Bola Tinubu has asked the National Assembly to approve a new ₦1.15 trillion loan from the domestic debt market to help cover the deficit in the 2025…
President Bola Tinubu has asked the House of Representatives to approve plans to borrow $2.35 billion in external loans to help fund part of Nigeria’s 2025 budget deficit…
President Bola Tinubu is in talks with the Japan International Cooperation Agency (JICA) to speed up the ¥15 billion ($110 million) emergency loan aimed at tackling food insecurity…
President Bola Tinubu has asked the National Assembly to approve a $21.5 billion foreign loan and a ₦758 billion bond to clear unpaid pensions and fund key national…
The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion loan it received in 2020 to help ease the economic impact of the…
President Bola Tinubu has asked the National Assembly to approve a new external borrowing plan of N1.767 trillion as part of the 2024 budget. The president’s request was…
