World Bank to Approve $500m Loan for Nigeria Today   The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country. The proposed facility, titled...

Tinubu's No-Loan Promise Contrasted as FG Borrows N1.15trn   Despite recent statement by President Bola Ahmed Tinubu that Nigeria had stopped taking domestic loans, the National Assembly yesterday approved a fresh request from the federal government to borrow N1.15 trillion from the domestic debt market to...

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...