The International Monetary Fund (IMF) has disclosed that the Nigerian federal government has not requested a loan. 

World Bank Okays Fresh N2.4trn Loan For Nigeria   The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the...

$2.25b World Bank Loan Offers Hope for Economic Recovery The Federal Government of Nigeria has secured $2.25 billion in funding from the World Bank, comprising two key financial operations aimed at economic stabilisation and support for vulnerable populations. Key details of the facility include a 40-year...

Jim Ovia to Chair Tinubu’s Education Loan Fund   President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Mr. Ovia is the founder of one of Nigeria's...

President Bola Tinubu has appointed a management team for the Nigerian Education Loan Fund (NELFUND)

Chinese Loan Hits $4.73bn, Rises By $800m in One Year   Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year. It is an increase of 20.36 per cent from...