Banks At Risk Of Loan Default - CBN Deputy Gov     The Deputy Governor, Financial Systems Stability Directorate, Central Bank of Nigeria, Aishah Ahmad, has said banks face imminent risk of loan default from exposure to oil-related lending. However, Ahmad, who is also a member of the...

Nigeria Receives IMF's $3.4bn Emergency Loan     Nigeria has reportedly received the $3.4bn emergency financial assistance from the International Monetary Fund. The Federal Government said it will use the funds, which was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April...

N850bn Loan Will Enhance 2020 Budget Fiscal Efficiency, Says DMO   The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not a new borrowing but a mere fiscal step of converting external borrowing to domestic alternative...

Senate Okays Buhari’s N850bn Loan Request     Without a voice of dissent, the Senate on Tuesday gave accelerated approval to the request by President Muhammadu Buhari to take a fresh loan of N850 billion from the domestic capital market. The approval came in less than five minutes...

IMF May Approve Nigeria’s $3.4bn Loan Today   There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria on Tuesday (today). Although the Minister of Finance, Budget and National Planning, Zainab Ahmed, had on April 6, while...

IMF Board To Meet On Nigeria’s $3.4bn Loan Request   The International Monetary Fund on Tuesday said its executive board would soon meet over a fresh $3.4bn loan request from Nigeria. The Federal Government had applied to the IMF for a rapid credit loan as part of...