Tag: Loan
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FG intends to use bonds and promissory notes to pay off its N1.7 trillion energy debt
By issuing bonds and promissory notes, the Federal Government of Nigeria intends to pay off around N1.7 trillion in outstanding electrical debt.
This strategy is...
FG is considering a new N7.24 trillion loan to stabilize the economy
In 2024, the Nigerian government intends to take out a further N7.24 trillion in loans to finance an intervention plan intended to boost the...
First Bank recovers N456 billion loan from Heritage Bank prior to license revocation
The News Chronicles can confirm that First Bank has received full repayment of an N456 billion loan extended to Heritage Bank. This recovery represents...
FG Approves Take-Off of N100bn Consumer Credit for Nigerians
President Bola Ahmed Tinubu has approved the commencement of the N100 billion Consumer Credit Scheme for Nigerians amid escalating economic hardship in the country.
The...
Nigerian Government Secures $2.2 Billion Loan from World Bank
Finance Minister Wale Edun has announced the Federal Government's anticipation of a $2.2 billion loan from the World Bank and budgetary support from the...
