Tinubu Govt Cancels $717.7 Million World Bank Loan
The Federal Government has cancelled $717.7 million in undisbursed World Bank intervention financing meant to support the recovery of Nigeria’s troubled electricity...
Loan
2026 Hajj: Radda Approves ₦3.8 Billion Loan For Katsina Pilgrims
The Katsina State Government has approved a ₦3.8 billion loan facility to secure 3,890 Hajj slots for intending pilgrims from the state...
Reps Approve Tinubu’s $516m Loan Request
The House of Representatives has approved a request by President Bola Tinubu to take a foreign loan of $516,333,007 for the construction...
Tinubu Govt Unveils ₦10 Billion Housing Loan For Civil Servants
President Bola Tinubu‘s government has approved a ₦10 billion housing loan scheme aimed at improving access to home ownership for civil servants...
Tinubu’s Fresh $6.9 Billion Loan Targets Poverty Alleviation, Says Economist
A Professor of Economics at the Lagos Business School, Bongo Adi, has described the $6.9 billion foreign loan secured by President Bola...
Tinubu Govt Clears $5 Billion NNPC Debt
The Federal Government has approved the write-off of nearly $5 billion in debts owed by the Nigerian National Petroleum Company Limited (NNPC)....
Nigerians Do Not Need To Panic Over Tinubu’s ₦1.15 Trillion Loan Request – Rewane Reveals
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has assured Nigerians that there is no cause...
Reps Approve Tinubu’s Loan Request To Finance Nigeria’s Budget Deficit
The House of Representatives has approved President Bola Ahmed Tinubu’s request to implement a fresh external borrowing plan worth ₦1.84 trillion (about...
Guarantor Voices Out, Claims Comedian Sanku Died In ₦25 Million Loaned SUV
Content creator Folorunsho Olayinka, popularly known as Finest, has revealed that the late comedian Adetola Samad, also called Sanku, died in a...
Nigeria Secures $10 Billion Loans From Multilateral Organisations [See Details]
The Federal Government has contracted over $10 billion in external loans in the last two years, according to data from the Debt...
APC Drags Makinde Over ₦300 Billion Loan Says Governor Pushing State Into Debt
The All Progressives Congress (APC) in Oyo State on Monday has declared support for the opposition lawmaker in the state House of...
Tinubu Gov’t Secures ‘Fresh’ Loan For Lagos-Calabar Coastal Highway Project
The Federal Government has reportedly secured a $747 million loan to fund the first phase of the Lagos-Calabar Coastal Highway project. In...
Gov Aliyu Orders Conversion Of Sokoto Workers Salary To Loan
Sokoto State Governor, Ahmed Aliyu, has sanctioned the transformation of the May 2025 salary, which was disbursed prior to Eid-el-Adha, into a...
Edo Gov’t Clears Air On ₦100 Billion Contractor Loan
Governor Monday Okpebholo’s administration has clearly articulated that although the Edo State House of Assembly has indeed approved a facility amounting to...
Nigeria Expecting Fresh $2.2 Billion Loan From World Bank – Reports
The federal government of Nigeria is anticipated to secure new loans from the World Bank amounting to $2.2 billion in 2025. As...
Tinubu Govt Takes ‘Fresh’ Loan To Provide Electricity For 5 Million Nigerians
The Federal Government has obtained a loan of $1.1 billion from the African Development Bank (AfDB) aimed at providing electricity to 5...
World Bank Unveils 2025 Multimillion-Dollar Loan Package For Nigeria
Information obtained from the World Bank’s website, has indicated that the apex bank is set to decide on three major loan projects...
World Bank Releases $100 Billion Loan, Grant For Poorest Countries
The World Bank has allocated approximately $24 billion in loans and grants to assist some of the most impoverished nations globally, which...
FG Raises Loan For MSMEs To ₦5 Million
The Federal Government has increased the maximum amount available for small businesses to access through single-digit loans to ₦5 million, aiming to...
Lawmakers Disagree On Tinubu’s Loan Requests As FIRS, Customs Beat 2024 Revenue Targets
There were disagreements between members of the National Assembly on Monday regarding President Bola Tinubu’s loan requests. This follows reports of several...
