Nigeria Seeks Fresh $1.75bn World Bank Loan   The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first eight months of 2025. This boost in revenue has largely been driven by substantial gains in non-oil revenue...

FG Issues New NELFUND Loan Guidelines, Projects Wider Access for Students The Federal Government has unveiled revised guidelines for the Nigerian Education Loan Fund (NELFUND) to streamline disbursement, strengthen accountability, and expand access to more students in tertiary institutions across the country. The new framework, presented...

Nigeria Secures Additional $215m Loan From World Bank   The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m. Checks by Economic Confidential on Thursday on the World Bank’s official website...

Nigeria Set to Clear IMF Loan by 2029   Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029. The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency...

FG Seeks Fresh $10.50m Loan from World Bank   Nigeria has approached the World Bank for a fresh $10.50m loan to enhance the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment infrastructure. According to information exclusively obtained from the World Bank website on...

Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure   Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to a liquidity shortfall in the...