Nigeria has been identified as the third-largest debtor to the World Bank’s International Development Association (IDA), with a total debt of $17.1 billion as of September...
President Bola Tinubu has written to the National Assembly, seeking approval of a fresh N1.767 trillion ($2.209 billion) as a new external borrowing plan in the...
Reports suggesting that Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, is seeking a multibillion-dollar bank loan to boost production at his Lagos...
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a significant milestone in its ongoing...
Nigeria will be seeking to borrow $2.2 billion from the international debt market— including a potential Eurobond and Sukuk bond offer, with just six weeks left...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said the Nigerian National Petroleum Company (NNPC) Limited has commenced the repayment of...
The Nigerian Senate has passed a bill amending the Central Bank of Nigeria (CBN) Act to allow the federal government to double its Ways and Means...
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve dam safety and enhance water resource management across...
Nigerian banks have significantly increased their support for the private sector with loans and other forms of credit to the tune of N375.78 trillion in the...
Nigeria’s fiscal landscape is facing unprecedented challenges as debt repayments now exceed both recurrent and capital expenditures. Tilewa Adebajo, CEO of The CFG Advisory, stated these...
