The Federal Government is in advanced talks with the World Bank over a fresh $1.25 billion loan aimed at supporting economic reforms, job creation, and […]
Tag: Loan
Nigeria’s Loan Apps Turn ‘Quick Fix’ Into Nightmare for Cash-Strapped Citizens
Desperate for N30,000 (about $20), Mariam Ogundairo turned to a loan app that promised fast cash. Within minutes, the money arrived—burdened with a 21.6% interest […]
Makinde Govt Debunks N300bn Loan Rumour, Calls APC Claim “Mischievous”
The Oyo State Government has dismissed reports by the All Progressives Congress (APC) alleging that Governor Seyi Makinde’s administration recently secured a fresh loan of […]
FG Secures $25m Kuwait Loan to Tackle Out-of-School Crisis in Kaduna
In a bold push to reduce Nigeria’s soaring out-of-school population, the Federal Government has secured a $25.35 million concessionary loan from the Kuwait Fund for […]
House of Reps Divided Over President Tinubu’s $2.2bn Loan Request Amid Rising Debt Concerns
The House of Representatives is set for a heated debate this week over President Bola Tinubu’s request for a $2.2bn (N1.77tn) loan to fund the […]
Nigeria Secures $6.45bn in World Bank Loans Under Tinubu, Sparking Debt Concerns
In just 16 months under President Bola Tinubu, Nigeria has secured loans worth $6.45 billion from the World Bank, with the latest approval of $1.57 […]