In an exclusive January 11 interview with Legit.ng, Larr dismissed fears of Nigeria's dependency on China, citing its history of navigating Western financial ties.

According to Akinsiju, the World Bank loans accounted for 80% of Nigeria's Multilateral debt last year, rising slightly from $21.15 billion in 2023 to $22.32 billion in 2024, representing a 5.5% ...

Chinese state lenders have approved a loan for a key segment of a new cross-country rail project in Nigeria, in a deal that appears to reflect China's increasingly pragmatic approach to ...

Saudi Aramco delays a $5 billion crude-backed loan to Nigeria due to recent oil price drops and bank concerns. The deal, Nigeria's largest oil-backed loan, faces uncertainty.

ABUJA, Nigeria — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many ...

Nigeria and Saudi Arabian oil giant Aramco’s discussions regarding a $5bn oil-backed loan have hit a snag following a significant drop in crude oil prices, reported Reuters, citing sources. The ...

World Bank Approves $1.57 Billion Loan for Nigeria LAGOS (Reuters) - The World Bank has approved a $1.57 billion financing package for Nigeria under a new programme to support its health and ...

The dip in oil prices means that Nigeria will have to back the $5 billion loan with more oil production, and may have to back it with at least 100,000 bpd of oil, as estimated by Reuters’ sources.