At least three Nigerian states Ekiti, Cross River and Ogun have proposed a suspension of foreign debt repayments due to severe foreign exchange volatility. This call...
Nigeria’s credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024. This decline underlines the Central Bank...
Global credit ratings agency, Fitch, has revised Nigeria’s long-term credit default rating upward from stable to positive on the back of reforms in the foreign exchange market,...
The Vice President of Nigeria, Kashim Shettima, has said that President Bola Tinubu had to make the difficult decision to remove petrol subsidy because he inherited...
Kenyan President William Ruto is confident of a positive response from the International Monetary Fund (IMF) for a $1 Billion disbursement citing an improving Kenyan economy...
Uganda has signed a $295 million loan agreement with Saudi Islamic Development Bank (IDB), said the East African country’s finance minister on Tuesday. According to Reuters,...
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of...
In 2023, Nigeria’s banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of the economy and strategic efforts to support...
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of...
The Federal Government of Nigeria has officially appealed to the World Bank for a deadline extension of the $100 million Nigeria for Women Project (NFWP). The...