Nigeria Seeks $1.25 Billion World Bank Credit to Bolster Growth Amid Shifting Debt Outlook

Nigeria enters final negotiations with the World Bank for a $1.25 billion economic loan

The credit aims to accelerate national job creation and investment through strategic sectoral programs

Approval would bring the current administration’s total World Bank commitments to $10.6 billion

Projected 2026 debt-to-GDP remains at 34.5% despite the potential increase in external borrowing

Nigeria Seeks $1.25 Billion World Bank Credit to Bolster Growth Amid Shifting Debt Outlook

Nigeria enters final negotiations with the World Bank for a $1.25 billion economic loan

The credit aims to accelerate national job creation and investment through strategic sectoral programs

Approval would bring the current administration’s total World Bank commitments to $10.6 billion

Projected 2026 debt-to-GDP remains at 34.5% despite the potential increase in external borrowing

Business

Dangote Refinery Targets $50 Billion Valuation in Landmark 2026 IPO

Finance

Ex-IMF Economist Lamido Yuguda Assumes Role as Nigeria Central Bank Deputy Governor

Business

African Leaders Demand Credit Rating Overhaul at Nairobi Summit

Finance

Nigeria Central Bank Warns Regions Against Debt Spree as Risks Mount

Energy

Oil Surges 5% as Trump Rejects Iran Peace Proposal

Energy

How Nigeria’s New Refinery Partnership deal Will Redraw the African Energy Market

Energy

Nigeria’s Endless Refinery Repairs Continue After $5.3 Billion Spent in 27 Years

Economy

The $348 Billion Reset: What China’s Zero-Tariff Policy Means for African Investors

Beyond the Red Carpet: The UK State Visit is an Investment in Nigeria’s Future

24 March 2026

South Africa to scrap its prime lending rate with central bank policy rate

18 February 2026

Nigeria Industrial Giant BUA Partners Abu Dhabi’s AD Ports to Revolutionize West African Logistics

17 February 2026

Nigerian Breweries Swings Back to Profitability in 2025 After 2 years losing streak

13 February 2026

AU Summit: Nigeria Secures Permanent Seat on African Central Bank Board

13 February 2026

Nigerian Naira anchors as foreign reserves hit 8-year peak of $47b

10 February 2026

Economy

IMF Approves $266 Million for Liberia’s Climate Resilience and Economic Stability

Economy

DRC Launches $100 Million US-Backed Mining Guard to Secure Critical Mineral Sites

Economy

African Giants Push for Energy Autonomy Amid Global Supply Shocks

Economy

South Africa Proposes Sweeping Overhaul to Replace 63-Year-Old Capital Flow Rules

Economy

7 Reforms: How Wale Edun Rebuilt Nigeria’s Economic Foundation

Economy

IMF Warns Middle East Conflict Threatens Sub-Saharan Africa’s Hard-Won Economic Gains

Economy

Nigeria disburses record N2.036 trillion as oil revenue surges in March

Economy

South Africa March inflation nudges upward to 3.1% amid rising school fees

Business

MTN Nigeria Records N546.4bn Pre-Tax Profit as Revenue Hits All-Time High

Business

Customer Retention and Talent Gaps Threaten Nigeria’s 2026 Business Revenue Trajectories

Business

Nigerian government proposes debt discount for airlines amid shutdown threat

Business

Middle East conflict and weak Rand push South Africa’s business confidence to five- month low

Business

Dangote refinery partners with Honeywell to boost petrochemical production

Business

Nigerian airlines threaten nationwide shutdown over 270% spike in Jet fuel prices

Business

Nigeria slashes vehicle import tariffs to 40% to combat inflation

Business

Manufacturing leads Nigeria’s N9.21 trillion corporate tax surge in 2025

Book Review

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Book Review

Reforming the Unreformable – Lessons from Nigeria

Book Review

Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

Book Review

Cobalt Red – How the blood of the Congo Powers Our Lives

Book Review

Rule Breaker: Rebellious Leadership for the Future of Work

Book Review

Collapse and Recovery: How the Covid – 19 pandemic eroded human capital and what to do about it.