Public Debt
Nigeria engages World Bank for $500 million loan to support new health initiative
The Nigerian government is engaging the World Bank for a $500 million loan to support its recently approved Health Sector...
Read more
Nigeria eyes $500 million World Bank loan to reduce staffing gaps in education, health sectors
Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed...
Read more
Nigerian states spend N139.92 billion servicing external debt in first six months of 2024
Nigerian states have collectively spent about N139.92 billion on servicing external debt in the first half of 2024.
Read more
SERAP gives Tinubu 7-day ultimatum to probe $1.5 billion World Bank, $3 billion Chinese loans to governors
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct the Attorney General of the Federation and...
Read more
FG to sell $500 million dollar-denominated bonds, targets 200% subscription
The Federal Government of Nigeria has launched its Series I Domestic USD Bond, as it hopes to raise at least...
Read moreNigeria secures $1.25 billion electricity loans from World Bank, AfDB under Tinubu
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to...
Read more
AfDB approves $500 million loan to Nigeria for electricity, clean energy
The African Development Bank Group (AfDB) has approved a loan of $500 million to the Federal Republic of Nigeria.
Read moreWorld Bank restructures $350 million loan to Nigeria to allow completion of seven power plants
The World Bank has restructured a $350 million loan to Nigeria to ensure the completion of seven critical power plants...
Read moreNigeria engages World Bank for $500 million loan to boost dam safety, water resource management
The Federal Government of Nigeria hopes to get a $500 million loan from the World Bank to enhance dam safety...
Read more
FG’s revenue to debt service ratio dropped from 97% to 68% in 2024 – Wale Edun
The Minister of Finance, Wale Edun, has said Nigeria’s revenue to debt service ratio has declined from 97% in 2023...
Read more
