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Tag: Debt

Nigeria’s World Bank Debt Could Reach $9.2 Billion As The FG Plans To Take Out 6 Loans

In 2025, the Federal Government of Nigeria is preparing to secure six new loans from the World Bank, totaling...

Nigeria And Others Strengthen Plans To Address Growing Debt Issue

Africa is facing a growing problem with debt that is negatively affecting its economies and future opportunities. Recently, finance...

N200Bn USSD Debt: Bank Officials Seek Talks

The Association of Corporate Affairs Managers of Banks (ACAMB) is urging ongoing discussions between all parties involved to prevent...

Banks Ordered to Settle N250 Billion USSD Debt

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have jointly instructed banks to settle an...

Govt’s Debt To Egbin Power Reaches N1.6 Trillion, Senate Steps In

The Senate Committee on Privatisation has promised to help resolve a staggering debt of 1.6 trillion naira that the...

Nigeria’s Debt To IDA Reaches $17 Billion – Report

Nigeria is currently the third-largest borrower from the World Bank’s International Development Association (IDA), with its total debt reaching...

Pensioners Plan Protest Over 193 Billion Naira Debt from Government and States

Pension backlogs owed by both federal and state governments in Nigeria have escalated dramatically, exceeding N193 billion, according to...

External Debt Servicing is Now $2.78 Billion – CBN Report.

External Debt Servicing is Now $2.78 Billion - CBN Report. Nigeria's debt servicing in the first seven months of 2024...