Search

Nigeria Seeks $2.25 Billion in World Bank Loans

Subscriber only Subscriber only
  • Nigeria is negotiating for up to $2.25 billion in World Bank loans with expected June approval.
  • Abuja plans to issue diaspora bonds to attract much-needed foreign exchange from Nigerians living abroad.

 

Nigeria is poised to secure substantial financial support as it seeks up to $2.25 billion in loans from the World Bank, with a board decision anticipated in June, according to a government statement released after the IMF/World Bank spring meetings in Washington, D.C.

You need an active subscription to continue reading this article.

Recent Business

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Amid tariff wars, Africa seals $48bn to boost intra-trade
Read More »
Photo by Mwanje Henry @ Unsplash
Uganda’s pension giant posts record $7.4bn assets
Read More »
Gold bars. Photo by Jingming Pan @ Unsplash
Can Ghana’s gold refinery plan deliver real value?
Read More »

Recent Politics

Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »
Loading of maritime containers aboard vessels in a seaport. Photo @ Unsplash
Is Ethiopia’s sea access dispute with Eritrea a path to conflict?
Read More »

Latest Posts

Latest news insights