The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile.

How FG Borrowed N1.94trn From Bond Investors   The Federal Government borrowed a total of N1.94trn from bond investors in the first quarter of 2025, an analysis of bond auction results released by the Debt Management Office (DMO) showed. However, the amount was raised through Federal Government...

Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium   Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years. This came as operators, including shipowners and ship captains, rejected...

FRC Act Continues to Govern Financial Reporting, Says Reps   The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly. The spokesman of the House, Akin Rotimi, made the declaration in a statement issued in Abuja...

Currency in Circulation Declines to N5.03trn - CBN   Currency in circulation dropped for the first time in one year, according to the updated money and credit data from the Central Bank of Nigeria (CBN). The currency in circulation, representing the banknotes and coins that have been...

N1.7bn Worth of Vehicles, Others Intercepted by Customs   The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, said it recorded 82 interceptions, including used vehicles popularly known as Tokunbo and other contrabands worth N1.7bn within the last four weeks. The Customs Area Controller in charge...