The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. It is understood that the loan is the third installment for Kenya under
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Nigerians now owe over N200,000 to both domestic and foreign creditors due to the rising public debt of the Federal and State governments, which rose to N41.60 trillion in the First Quarter
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Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from
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The Federal Government has borrowed N2.2 trillion from local investors through FGN Bonds, treasury bills and the FGN Savings Bonds to help fund the N6.4 trillion deficit spending in budget 2022. The
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The Central Bank of Nigeria (CBN) has launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country. CBN Governor Godwin Emefiele, at the launch in Abuja, on
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The federal government has approved N656 billion fresh loan for the 36 states of the country. The details of the loan as announced during the National Executive Council (NEC) meeting on Thursday,
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The Central Bank of Nigeria (CBN) has fixed N5bn maximum loan limit on its newly introduced initiative, known as ‘The 100 for 100 PPP – Policy on Production and Productivity’. The CBN
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PRESIDENT Muhammadu Buhari has sent a letter to National Assembly seeking approval of a fresh loan amounting to $4 billion ($4,054,476,863) and €710 million to finance a deficit 2021 budget.
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