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...
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
Afrexim Bank has turned to oil traders to secure a crucial $3 billion loan for the state oil company NNPC LTD, sources close to the matter...
The Nigerian banking sector has witnessed an unprecedented 835% surge in borrowings from the Central Bank of Nigeria (CBN) in the span of just one month,...
Investigation has shown that Nigeria faces the challenge of an unutilized World Bank loan amounting to $8.25 billion as of July 2023. This information has been...
The ambitious Anchor Borrowers’ Loan Scheme, initiated by the Central Bank of Nigeria to boost cash flow for agricultural production in the country, is encountering hurdles...
The Federal Competition and Consumer Protection Commission (FCCPC) has taken action against Google Limited Liability Company (LLC) and directed them to remove applications (apps) of 18...