Public Debt
Nigeria incurs N2.6 trillion on fuel imports in first quarter of 2024 up 46%
Nigeria’s expenditure on motor spirit (also known as fuel) soared to N2.6 trillion in the first quarter of 2024, representing...
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World Bank mandates hiring security consultant for $1.2 billion loan project in Nigeria
The World Bank has mandated the hiring of a security consultant to address pervasive insecurity issues affecting its $1.2 billion...
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Afrexim Bank disburses another $925 million under NNPC $3.3 billion loan
Afrexim bank have announced the disbursement of $925 million- another tranche of the $3.3 billion crude oil backed loan agreement...
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FG plans to pay N1.7 trillion electricity debt through bonds, promissory notes
The Federal Government of Nigeria plans to settle about N1.7 trillion electricity debt through the issuance of bonds and promissory...
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Fitch: Foreign investments depend on FX reforms not higher oil production in Nigeria
Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and...
Read moreGhana gets World Bank’s approval for $250 million loan as Nigeria expects $2.25 billion this month
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana's Financial Stability Project.
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FG has paid back N7.3 trillion of ways and means outstanding so far — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the federal government has settled...
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Where are the billions? Analysing AfDB’s pledges to Nigeria over the past year
When it comes to Nigeria’s multilateral creditors, the African Development Bank (AfDB) stands out as one of the country's largest...
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FG writes World Bank to extend deadline for $376 million crisis recovery project for North-East Nigeria
The Federal Government of Nigeria has officially requested an extension from the World Bank for the Multi-Sectoral Crisis Recovery Project...
Read moreFG secures World Bank’s $500 million loan for electricity sector
The federal government has secured a $500 million World Bank loan to enhance power distribution in the electricity sector, following...
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