Nigeria to Receive $1.65bn World Bank Loans Next Year
The World Bank has lined up three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of a broader effort to support the country's development agenda and address its...
Tax Reforms to Promote Fairness, Says Tinubu
President Bola Tinubu recently defended his four tax reform bills, which are currently under consideration by the National Assembly.
These bills aim to streamline tax administration, enhance revenue generation, and promote equitable resource allocation,...
Nigerian Stock Market Surges by N704bn
The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn.
At Monday’s close, investors gained N330bn, and market capitalisation hit N60.6tn, with 740.89 million shares worth N16.88bn traded in 10,430...
'Dangote Refinery Received $1bn Loan from NNPCL'
The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum...
FG, World Bank Partner on $600m Rural Road Development Project
The Federal Government, in collaboration with the World Bank, has allocated $600m to rehabilitate 200,000 kilometers of rural roads under the Rural Access and Agricultural Marketing Project.
Principal Information Officer at...
Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB
Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management,...
