Nigeria has retained its position as the third-largest borrower from the World Bank’s International Development Association (IDA), even as its exposure shifted slightly in early 2026.
Nigeria IDA Debt Stands...
The Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun has said that the Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.
President Muhammadu Buhari has urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country following the policy of the Central Bank of Nigeria to change high value Naira notes with new ones.
The Association of Bureaux Des Changes Operators of Nigeria (ABCON) has urged the CBN to democratise and centralise the operation of it's members by granting them autonomy to go digital.