Court Orders FG To Account For $460m Chinese Loan
A Federal High Court in Abuja has ordered the government of President Muhammadu Buhari to account for the spending of over four hundred and sixty million dollars Chinese loan to…
CBN Halts New Loan Application for Funds Programme
The Central Bank of Nigeria (CBN) has temporarily halted new applications for loans under the CBN development finance intervention funds programme. The halt was confirmed by Access Bank Plc in…
Tinubu Told to Explain $3.3bn NNPCL Deal
President Bola Tinubu has been told to provide an explanation for the Nigerian National Petroleum Company Limited (NNPCL)'s $3.3 billion emergency crude repayment loan. Atiku Abubakar, the 2023 presidential candidate…
Osimhen Travels to Istanbul to Finalize Galatasaray Loan Move
Super Eagles striker Victor Osimhen has departed Italy for Turkey to complete his loan transfer from Napoli to Galatasaray. The move follows a prolonged transfer saga, with Osimhen submitting a…
Nigeria’s Rising Debt: Tinubu Administration Secures $6.45bn from World Bank
The Federal Government of Nigeria has borrowed $6.45 billion from the World Bank since President Bola Tinubu took office just 16 months ago. This figure is set to rise following…
FG Secures $600m Foreign Loans to Boost Agriculture
The Federal Government has secured over $600m in foreign agricultural loans to boost food security and rural development in 2024. According to the Ministry of Agriculture and Food Security, the…
Woman Begs UK-Based Nigerian Pastor to Pay Back £198k Loan of Six Years
A Nigerian woman based in the United Kingdom identified as Mrs. Rachel Anayo Nwombasi, has pleaded with her former pastor, Dapo Adegboyega to repay a loan of £198,000 she helped…
FG Borrowing To Uplift Living Standards of Nigerians – APC
The All Progressives Congress (APC) has claimed streams of loans obtained by the President Muhammadu Buhari administration are aimed at uplifting the living standard of Nigerians. President Buhari, had on…
FG to Probe Online Banks Over Breach of Customers’ Data Privacy
The outcry of many Nigerians over the alleged breach of customers’ data privacy, invasion by online banks, especially digital loan providers, has prompted the federal government to begin a probe…
Nigerian woman sentenced to five years for coronavirus fraud in US
A 24-year Nigerian woman has been sentenced to 70 months in prison over attempt to defraud the Paycheck Protection Program (PPP) of more than $1.9 million in loans guaranteed by…