Nigeria’s public debt has breached the N101 trillion mark, driven by a substantial influx of loans from the World Bank totaling $4.95 billion over the past...
China’s central bank, the People’s Bank of China (PBOC), has decided to keep the key interest rate steady for the tenth consecutive month. On Monday, the...
The Federal Government’s expenditure on debt financing rose to $854.36 million in May alone, according to data released by the Central Bank of Nigeria (CBN). This...
Commercial and merchant banks across the country have adjusted their lending rates in response to the Central Bank of Nigeria’s (CBN) recent decision to raise the...
The Federal Government has disclosed that it pays $1.12 billion to service foreign debts in the first quarter of 2024 alone. This amount shows the escalating...
The Democratic Republic of Congo (DRC) received a positive review from the International Monetary Fund (IMF) on Wednesday in a crucial step toward completing its first-ever...
Ghana’s Supreme Court is set to commence hearings on a case that threatens the country’s $20 billion debt restructuring deal while simultaneously testing the World Bank’s...
Amidst the backdrop of mounting concerns over Africa’s ballooning external debt, Akinwumi Adesina, the President of the African Development Bank (AfDB), has emphatically called for greater...
Nigeria’s $2.25 billion loan request is expected to receive final approval from the World Bank in June. The loan, consisting of $1.5 billion in Development Policy...
Nigeria has successfully secured a significant oil-backed loan worth $1.05 billion from the African Import Export Bank. The syndicated loan, set to be disbursed next month,...
