Tag: debt

President Bola Tinubu’s administration has secured $11.4 billion in World Bank loan approvals within three years, bringing it close to ...

The World Bank has approved a new $1.25 billion loan for Nigeria under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) Development ...

Nigeria’s debt exposure to the concessional lending arm of the World Bank, the International Development Association (IDA), recorded a slight ...

Nigeria’s 36 states and the Federal Capital Territory (FCT) recorded a significant rise in external debt in 2025, according to ...

Nigeria’s debt to the World Bank has increased significantly, reaching $19.89 billion as of December 31, 2025. This marks a ...

Nigeria’s perennially troubled power sector is witnessing a significant shift as the Federal Government begins clearing massive debt arrears owed ...

Despite recurring calls for fiscal federalism and economic diversification, most Nigerian states remain tethered to monthly allocations from the Federation ...

As Nigeria’s sovereign debt balloons to a staggering ₦152 trillion (approximately $190 billion), the nation finds itself walking a fiscal ...

For decades, Nigeria’s economic narrative has been inextricably linked to the fortunes of crude oil. As the nation’s primary source ...

A consortium of Nigerian lenders has placed Nestoil Limited, a major player in Nigeria's oil and gas sector, under receivership, ...