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World Bank Approves Fresh $1.25bn Loan for Nigeria Despite Rising Debt Concerns

Promise OdejideJuly 1, 2026

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs…

  • Breaking News

FG, World Bank Cancel $717.7m Power Sector Loan Amid Deepening Electricity Crisis

Promise OdejideMay 28, 2026

The Federal Government and the World Bank have jointly cancelled a $717.7 million loan facility meant to support reforms in…

  • Breaking News

World Bank Restricts Instagram Comments Amid Backlash Over Fresh $1.25bn Nigeria Loan

Promise OdejideMay 15, 2026

The World Bank has restricted comments on its Instagram page following widespread backlash from Nigerians over plans by President Bola…

  • Breaking News

FG Moves Closer to Fresh $1.25bn World Bank Loan for Reforms, Job Creation

Promise OdejideMay 12, 2026

The Federal Government has intensified discussions with the World Bank over a fresh $1.25 billion loan facility targeted at supporting…

  • Business

Nigeria’s World Bank Debt Hits $19.89bn as Borrowing Rises Under Tinubu

Promise OdejideMay 2, 2026

Nigeria’s debt to the World Bank has increased to $19.89 billion as of December 31, 2025, marking a significant rise…

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