How 23 States Grew Foreign Loans By 64%   Twenty-Three Nigerian states grew bilateral loans by 64.26 per cent in six months to $462.81m as of the end of June. Most of the loans were taken from China, India, France and other countries. This was despite the persistent...

IMF To Nigeria: Expect Significant Reduction In Foreign Loans   The International Monetary Fund (IMF) has warned Nigeria to expect a significant reduction in foreign loans as the global economy continues to experience new shocks and contractions. The IMF Deputy Divisional Chief, Wenjie Chen, stated this during...

Buhari: Seeking Debt Forgiveness While Collecting More Foreign Loans   President Muhammadu Buhari sometimes presents the image of an unpredictable public figure. This is because more often than not, his statements and actions run contrary to the publicized principles and policies of his administration. The President...

Senate Demands Details Of $1.5bn, €995m Agriculture Loans       The Senate Committee on Local and Foreign Debts on Tuesday asked the ministries of Agriculture, Finance and the Debt Management Office to provide details of the €995m and the $1.5bn foreign loans. The panel specifically requested for details...

Nigeria Has $5.83bn Undisbursed Foreign Loans, Says DMO       Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a number of foreign loans that were to be...

In One Year, Senate Approved $28bn Foreign Loans – Lawan     The President of the Senate, Ahmad Lawan, has listed the approval of a total sum of $28bn foreign loans for the regime of the President Muhammadu Buhari, in the last one year, as part of...