NewsBlist
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
• Lagos Court has authorised GTBank to take over Afex Commodities Exchange over N17,808,452,467.107 loan
• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity
• Federal Government has deducted over N415bn from state government allocations to service external loans, according to reports
• The World Bank has granted a fresh $700 million loan for empowerment programs in Nigeria
• World Bank Country Director says Nigeria has no choice but to borrow $800m for 2023 budget deficit
• China loans Nigeria $658.72m amid concerns about transparency and repayment ability — Chinese loans account for 84.73 percent of the total amount Nigeria owes to other countries worldwide
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