FG seeks fresh $1.5bn World Bank loan as debt hits ₦166.79tn
The Federal Government has begun talks with the World Bank on three new loans totalling $1.5bn, at a time when Nigeria’s public…
Loan
ECOWAS bank’s agriculture loans to public sector declines by 6.6%
The ECOWAS Bank for Investment and Development recorded a decline in its disclosed outstanding public-sector loans to agriculture and rural development in…
BOI to channel 80% large enterprise loans towards priority sectors
The Bank of Industry has rolled out a new financing strategy that will channel 80 per cent of its lending to large…
W’Bank grants Nigeria’s $1.25bn loan request despite backlash
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme,…
World Bank to end loans to China by 2031
The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift…
Atiku faults Tinubu’s fresh $516m Sokoto-Badagry loan request
Former Vice President Atiku Abubakar has fired a broadside at President Bola Tinubu over his request for Senate approval of a fresh…
FG probes ‘sharp sharp’ loan operators over customers privacy data breach
The Federal Government says it is investigating the activities of some ‘sharp sharp’ loan operators over alleged violation of data privacy of…
Account for ₦158trn foreign loans, SDP queries Tinubu
The Social Democratic Party has called on the administration of President Bola Ahmed Tinubu to provide a detailed account of over ₦158…
Senate approves $6bn external loans for Tinubu
The Senate has approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely…
Cross River disburses ₦500m loans to entrepreneurs
The Cross River State Governor, Bassey Otu, has reaffirmed his administration’s commitment to strengthening businesses and improving household livelihoods with the disbursement…
FAAC, loans dominate govs’ funding plans for 2026 budget
State governments are heading into 2026 with expansive spending plans, but weak internally generated revenue is compelling many of them to depend…
AfDB approves $500m loan for Nigeria energy transition support
The African Development Bank Group announced on Wednesday that it has approved a $500 million loan facility for Nigeria. This substantial funding…