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World Bank Approves $65m Loan for Nigeria’s Procurement Reform

The World Bank has approved an additional $65m credit facility for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement project.

Oil Companies Remit N57bn to Host Communities

Oil and gas companies operating in Nigeria remitted a total of N57.07bn to Host Community Development Trusts in 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed.

NNPC Revenue Increases to N6trn in May

The Nigerian National Petroleum Company Limited (NNPCL) generated a total revenue of N6.008tn in May 2025, marking a marginal increase from the N5.972tn posted in April, even as crude oil and condensate production also showed slight improvement during the month.

FG Spends N611.7bn on Dollar Bond Service in March – DMO

The Federal Government spent N611.71bn in March 2025 to service its first-ever domestic US Dollar-denominated bond.

Money Supply Declines by 0.25%, CBN Discloses

Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01tn in May 2025, according to fresh data from the Central Bank of Nigeria (CBN).

Naira Depreciation Drives Nigeria’s Debt to N149.39trn

Nigeria’s total public debt ballooned to N149.39 trillion as of March 31, 2025, according to data from the Debt Management Office (DMO).