DBN secures N200m EIB loan for SMEs
The European Investment Bank Group’s development arm, EIB Global and the Development Bank of Nigeria have announced a €200 million…
FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF
The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about…
CBN revokes licences of 46 microfinance banks over breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
World Bank approves $1.25 billion loan to Nigeria despite backlash
The World Bank has approved a $1.25 billion Development Policy Financing loan for Nigeria despite widespread public criticism over the…
EU financiers expand Nigeria investment push with €20m
European development finance institutions have expanded their investment presence in Nigeria with the launch of a fresh €20m Nigeria Country…
NDIC pays over N37.8bn paid to depositors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) says it paid N4.06 billion to 13,446 insured depositors of failed banks in 2025.…
FG raises 2026 independent revenue target to N2.5tn
The acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission, Charles Abana, disclosed this on Tuesday during…
SMEDAN unveils N500m zero-interest fund for MSMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled a N500 million zero-interest Grow Fund for Micro,…
NDIC remits N950bn to FG
The Nigeria Deposit Insurance Corporation (NDIC) has remitted a cumulative ₦950 billion into the Federal Government’s Consolidated Revenue Fund (CRF),…
Nigeria draws $1.5bn as first tranche of $5bn Abu Dhabi Bank loan deal
Nigeria has accessed the first tranche of its $5 billion derivatives financing arrangement with First Abu Dhabi Bank (FAB), drawing…