Search

Nigeria Seeks $2.25 Billion in World Bank Loans

  • 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

PAPSS CARD LAUNCH © Afreximbank
Can PAPSSCARD compete with Visa and MasterCard on African soil?
Read More »
peinge-nakale-9dM9XfNuRfk-unsplash
Namibia’s banking liquidity improves despite asset dip
Read More »
Photo by Etty Fidele © Unsplash Cocoa
Deadly rains threaten Nigeria’s cocoa harvest, stir global jitters
Read More »

Recent Politics

ZUMA Press Wire) EDITORIAL USAGE ONLY! Not f
Ghana’s opposition petitions president over electoral chaos, illegal mining
Read More »
emmanuel-ikwuegbu-T4q6ZPpYjog-unsplash
Tinubu seeks to win back north at Buhari’s funeral
Read More »
pexels-ninthgrid-2149521550-30688912
Nigeria inflation falls again, raising rate cut hopes
Read More »

Latest Posts

Latest news insights