In a bid to tackle the challenges confronting internally displaced persons (IDPs) and bolster rural development initiatives, the Nigerian government has entered negotiations with the World...
Private sector credit in Nigeria reached a record N76.94 trillion in January 2024, according to the latest report from the Central Bank of Nigeria (CBN). This...
In 2023, foreign loans dominated Nigeria’s capital importation, according to the latest report from the National Bureau of Statistics (NBS). The report reveals that out of...
Title loans are high-interest, excessively guaranteed loans that are often the last resort for individuals with poor credit scores or low income when they fail to...
Ethiopia has officially joined the growing list of African nations facing financial distress as it failed to meet a crucial interest payment following the expiration of...
A recent economic report indicates a shift in credit dynamics within the Nigerian economy. The projection anticipates a decrease in government borrowing while expecting private sector...
The Federal Executive Council of Nigeria has approved a $3.45 billion loan application to finance five crucial projects. The projects span diverse sectors, encompassing power, renewable...
CBN's COVID-19 Forbearance Leads to Loan Repricing
In the first half of 2023, Nigeria resorted to foreign borrowing, securing a total of $1.21 billion in loans to bolster capital importation. A recent report...
In a concerning trend, state governments in Nigeria have resorted to borrowing approximately N46.17 billion from commercial banks to meet their salary obligations in the first...