Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration       Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This means that...

CBN Disburses N756.5bn Loan To 3.7m Farmers       The Central Bank of Nigeria has disclosed that it has disbursed a total of N756.51bn to over 3.7 million farmers under the Anchor Borrower’s Programme since the inception of the initiative in 2015. The apex bank revealed this in...

Oil Marketers Plan 7,000 Autogas Stations With N250bn Loan       Oil marketers have commenced the process of converting over 7,000 retail outlets across the country to autogas stations as part of measures to deepen the use of gas in automobiles. It was gathered that the marketers were...

AfDB Okays $50m Loan For Nigerian Women Businesses     The board of directors of the African Development Bank has approved a loan of $50m to First City Monument Bank Limited to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy...

Fresh N2.34trn Loan Is For Capital Projects, Says DMO       The Debt Management Office on Tuesday said the request by President Muhammadu Buhari for the National Assembly’s approval for fresh N2.34tn loan was meant to provide funds for capital projects such as power, transport, agriculture and...

LCCI, ACCI, Raise Concerns As Buhari Seeks Approval For Fresh $6.1bn Loan       The Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry have both raised concerns over the rising debt profile of Nigeria following Buhari’s request that the Senate should...