FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn   Nigeria’s total public debt may hit N118.37tn in the next three years. The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According...

'Naira Under Pressure, Nigeria May Seek Dollar Loan'   The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option. The Washington-based lender however noted...

W/Bank Delays $8.6bn Loan To Nigeria, Report Says   Nigeria has about $8.25bn undisbursed World Bank loan as of July 2023. This was based on data obtained from the Summary Statement of Loans/Credit/Grants on the website of the World Bank. A breakdown further showed that the undisbursed loans...

Anchor Borrowers: Tinubu Orders Security Agencies to Recover N1trn from Loan Defaulters   The ambitious Anchor Borrowers’ Loan Scheme floated by the Central Bank of Nigeria to make cash available for increased agricultural production in Nigeria has run into a glitch due to the inability of...

Explainer: What you need to know about NNPC Ltd's $3 billion Emergency Crude Repayment Loan from Afrexim Bank   1. What is the $3 billion loan about? The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined...

NNPC Secures $3bn Afreximbank’s Loan To Stabilise Naira   The Nigerian National Petroleum Corporation (NNPC) Limited said it had secured a $3 billion crude repayment loan to halt the further slump of Naira against the Dollar at the foreign exchange market. The company disclosed this on Wednesday...