The Federal Government has opened discussions with the World Bank for three new loans totalling $1.5bn, even as Nigeria’s public debt climbed to a record N166.79tn at the end of June 2026. Documents obtained from the World Bank show that the proposed financing comprises three separate $500m facilities for climate resil…

…from any commercial bank since assuming office but had continued to service inherited loans. Okafor said deductions were being made from the state’s Federation Account Allocation Committee funds to repay loans obtained by previous administrations, while noting that the government had reduced the state’s debt burden by…

…how he has managed his business interests, particularly MICAP Nigeria Limited, and the loans and other financial obligations associated with his businesses from commercial banks. This is not an accusation of wrongdoing; it is a call for the kind of openness that should naturally accompany anyone presenting himself as a…

…expensive, the same government created NELFUND and now celebrates giving young Nigerians loans to pay fees that many of their parents can no longer comfortably afford. What kind of reform first empties a family’s pocket and then offers the child a loan to survive the hardship government helped create? That is not progr…

…reflects poverty. Many of us cannot take care of our children or ourselves. We live on loans. Even after leaving service, I was still servicing loans. It is time for government to act.” The association’s Publicity Secretary, Mr Umar Abubakar, a retired Deputy Controller of Corrections and immediate past National PRO of…

…accounts include a trust for Stella. And there's a formal demand for repayment of the loans your father made for your business."Doyle's face went pale."He wouldn't do this to me," he snapped. "My own father?""Your father saw you, Doyle," I said quietly. "Long before I did."He turned on me then, his jaw tight."You plann…

…who had paid their tuition fees from personal or family funds before their NELFUND loans were disbursed to their institutions. “Several students who benefited from the Nigerian Education Loan Fund had already paid their tuition fees before the loan was disbursed, yet many institutions have continued to withhold their r…

…leakages and undermine the fiscal foundation currently funding national student loans, border security, and regional transport infrastructure.

…to finance fuel subsidy and, in some instances, to pay workers’ salaries. “Today, loans are largely tied to specific capital projects rather than recurrent expenditure such as salaries or fuel subsidy. We should not return to that era,” he declared. The NANS president said anyone aspiring to lead Nigeria should present…

THE growing use of dollar-denominated loans by Nigerian companies earning revenues largely in naira is emerging as a major threat to shareholder value, as currency depreciation can wipe out otherwise strong operating performances, a new report by Chapel Hill Denham, has warned. The investment research firm said the big…

…the ability of governments to meet their salary obligations without repeatedly seeking loans or financial assistance from the national purse as one of the often-overlooked benefits of the policy. Arise explained that regular salary payments had implications for the wider economy because workers who receive their wages…

FCT Senator Ireti Kingibe publicly accused FCT Minister Nyesom Wike of securing loans without seeking Senate authorisationKingibe also revealed that an ad hoc committee set up to probe Wike's demolitions never once held a meetingThe senator alleged that the Senate has consistently shielded Wike from scrutiny on FCT-rel…

Khloe Kardashian's BFF's twin sister Khadijah is using loans from friends to pay bills amid divorce Khadijah Haqq, a close friend of Khloe Kardashian, says she is struggling financially amid her divorce from former NFL player Bobby McCray and is relying on family and friends to help cover household expenses.According t…

…that amounts to deceit." Bella's lawyers further claimed that Sheggz obtained several loans from their client by false pretence, stating that they would pursue the matter before a competent court and that they had evidence to support the claim. They rejected Sheggz's demands for a retraction, apology and cease-and-desi…

…redirected towards subsidising petrol. “Do we restore petrol subsidy, or sustain student loans and consumer credit for young Nigerians? Do we restore subsidy, or preserve higher allocations to states and local governments? Do we restore subsidy, or continue funding roads, rail, power and security?” he asked. He also qu…

…including collaboration with the Bank of Industry to facilitate access to low-digit loans for business enterprises by serving and retired personnel and their families. Oluyede also disclosed that the ongoing construction of the Defence Hospital would reserve a percentage of its patronage for veterans. According to him,…

…FMBN, which provides long-term, affordable, single-digit interest rate mortgage loans to NHF contributors, published the guidance to help Nigerians understand where their applications may be falling short. Its products include the NHF Mortgage Loan, Rent-to-Own, Cooperative Housing Loan, and Home Renovation Loan, among…

…benefits of the reforms. Oyedele said the government had also expanded access to student loans through the Nigerian Education Loan Fund (NELFUND), while supporting affordable consumer and small and medium enterprise (SME) credit. Other interventions, he said, included subsidised mortgage and housing schemes, as well as…

…to empower market women, small-scale traders, and artisans with access to zero-interest loans of up to N100,000 through its upcoming programmes, MarketMoni and TraderMoni.MarketMoni will provide market women with interest-free loans to grow working capital, restock inventory, and expand their businesses. The programme…

…built businesses around that urgency, allowing customers to apply for relatively small loans through their phones. BusinessDay reports that more than 500 digital lending operators appear in the Federal Competition and Consumer Protection Commission’s approval database. The sector, however, faces growing regulatory scru…

…Nigeria’s industrial base begins to receive purpose-built capital instead of generic loans.” The bank stated, “By 2026, BOI will finance power generation, transmission and distribution, fund industrial parks and logistics corridors and de-risk private investment through guarantees and blended finance. “This directly at…

…effects of the current economic hardship. “Students in higher institutions are accessing loans for their education, and no Nigerian child should now have to say that he or she cannot attend university because of lack of funds. A lot of things are being done to cushion the effects of the hardship, but in the long run, i…

…while Nigeria disclosed general debt obligations, the specific terms of these loans were not fully evaluated under the updated criteria. Emphasizing that fiscal openness is fundamental to economic stability, market confidence, and corruption prevention, the State Department concluded:"Transparency provides citizens a w…

…you don't sign that property over, I'll pull every dollar I've ever spent on Moses's loans. He'll drown. Is that what you want?""Moses is a grown man," I said. "And that threat tells me more than the envelope could."I hung up and drove out to the cabin.The pines smelled like Williams. Pipe tobacco and old paper and rai…

…of 2026, despite repeated claims by some governors that they had not contracted fresh loans to meet the financial needs of their administrations. The increase, however, was concentrated in only seven sub-national governments, while 29 recorded reductions in their domestic debt stocks between December 31, 2025 and March…