IMF Verifies Nigeria's $3.3bn Loan Repayment   The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the COVID-19 pandemic. In a statement sent to journalists on...

Govs Fret As CBN Insists Budget Support Repayment Starts May       State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred. But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...

Oil Firms’ N4.58trn Loan Repayment Under Threat – Investigation   The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in the country to repay a total loan of N4.58tn, investigation has shown. The loans advanced to oil...