Trending News: Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death RowEFCC dismissed over 40 staff for corruption, financial malpractice in three years — ChairmanEXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APCEFCC recovers N1.23tn, $684m in 32 months – OlukoyedeCrude Prices Rise Above $90 Per Barrel On US-Iran StrikesCourt remands Brazil-based Nigerian businessman over ‘importation of cocaine’US Resumes Strikes On Iran Over Strait Of HormuzGunmen kill popular comedian, one other in AnambraGroup Demands End To Checkpoint Extortion In Nigeria’s South-eastNDLEA Arrests Cross-Border Kingpin, Intercepts N6.2bn ‘Jihadi Drug’, Opioids At Lagos AirportAPGA wins all seats in Anambra LGA electionsBandits kill eight farmers, injure five others in Sokoto communityDSS to suspend Sowore cybercrime case till after 2027 electionNepal begins burials as flood death toll rises to 752Nigerian jailed eight years in US for stealing $7.5m from charitiesPolice Arrest 70-Year-Old Man Over Alleged Defilement Of Eight-Year-Old Girl In BauchiNiger Republic says attack on airport attempted coup by mutinous soldiersNepal-China Floods Death Toll Rises To 675, Missing Persons Soar To Nearly 3,000Police rescue two Colombians ‘lured to Nigeria, held against their will by Chinese nationals’Tinubu Files Case In US Court To Block Release Of Alleged Drug Trafficking Record — LawyerTwo Nigerians extradited to US over schemes linked to teenagers’ deathsGunshots, explosions heard at Niger Republic airport, presidential palacePoliceman shoots motorist dead in Rivers, colleagues arrestedSimon Ekpa appeals six-year terrorism sentence in Finland — ReportNepal Flood Death Toll Rises To 547, Over 1,400 People MissingGunmen abduct several NYSC members in Kogi’21 terrorists’ killed as troops raid Boko Haram camp in AdamawaZamfara, Sokoto, Borno top Nigeria’s kidnapping victims — ReportTerrorists kill four, abduct four in Sokoto communityUgandan president’s son, Kainerugaba declares bid to succeed father in 2031RULAAC Calls for Independent Investigation into Allegations of Police Complicity in KidnappingA Fitting Tribute to Chima Ubani: Commendation to Governor Alex OttiIran unable to import petrol amid US blockadeDesperate Families Search For Loved Ones As Nepal Floods Kill At Least 180Meta agrees to pay $18bn settlement over claims its platforms harm childrenPolice arrest seven suspects over ‘N3.6bn crypto, internet fraud’95 Dead, 384 Missing In Deadly Nepal FloodDiphtheria kills ‘over 50’ children in KanoThree vigilantes killed in midnight gun attack in PlateauNigeria’s Black Axe among crime groups targeted in global Interpol crackdown — ReportTrump moves to revoke nearly 200,000 asylum seekers’ visasOPINION: When Those Who Should Speak Choose Silence, Who Will Speak for the Igbo Youth?Binance halts transactions with 17 crypto platforms in Nigeria, UAE, IranTrump Vows Economic War As Iran Threatens To Halt All Oil ExportsFACT-CHECK: No, image does not show Elumelu meeting, reconciling with lady who called him ‘Tony’ in viral video101-year-old great-grandma arrested for selling drugs in sachetsCoordinator of ‘fake’ Made in Nigeria agency shares appointment letter ‘issued by SGF office’Mother, three children killed as fire razes Fulani settlement in YobePublish political donation limits for 2027 elections, SERAP tells INECUS judge strikes down Trump visa ban affecting Nigeria, 74 other countriesGunmen attack Niger mosque, abduct worshippersTinubu constitutes APC 2027 presidential campaign council, names Yari DGICPC uncovers fake agency in OSGFFACT-CHECK: Video of Lagos residents scooping diesel in October 2023, trends againPoor Adoption, Usage Of Nigeria’s FOI Act In South-East Mar ExpectationsFBI says disclosing Tinubu’s records could endanger lives, reveal our techniquesRULAAC commends FCT Police Commissioner for strengthening due process in policing47 dead as boat capsizes in SokotoTerrorists planning to attack Sokoto tertiary institutions – DSSUK warns citizens against travel to 11 Nigerian statesTrump Threatens Economic Punishment On ‘Any Country’ Helping IranAtiku: I will restore petrol subsidy if elected presidentPolice: 60-year-old man killed after hoodlums clashed with Davido’s security team in OsogboFG won’t publish details of $5bn Abu Dhabi loan — OyedelePolice Arrest Suspected Mastermind Of Mangu Attack That Killed 25Tinubu redirects EFCC-recovered funds, unclaimed dividends to student loan schemeGunfire erupts in Osogbo as hoodlums attack Adeleke’s convoyPolice kill two suspected kidnappers, recover arms in AnambraMany tourists feared dead as helicopter crashes in KenyaIran’s armed forces warn Gulf countries against assisting US militaryWike orders demolition of houses built on waterways after FCT floodingOver 20 People Feared Killed In Attack On Plateau CommunityCement cheaper in Kenya, Togo than Nigeria — FCCPC probeWike: I’d have helped Tinubu win Osun if he wanted — Adeleke could do nothingUS lifts 12-year restriction on vessels calling at Nigerian portsNDLEA seizes 184kg of cocaine from Lagos courier firm, arrests socialite KC LuxuryGunmen kill police inspector, seven others in AdamawaIdiaye Emerges Edo Assembly Speaker As Agbebaku ResignsCatholic priest allegedly attacked after Mass in EnuguWoman arrested for stealing newborn in KebbiFrozen Account: I’ve Instructed My Attorney General To Drop Suit Against EFCC — AdelekeGunmen kill residents in attack on Benue communitiesINEC declares Adeleke winner of Osun gov pollAt least 38 dead as 7.7-magnitude earthquake hits IndonesiaPolice arrest Accord lawmaker for ‘importing 300 persons’ to vote in Osun guber pollGhana Police kill two, arrest Nigerian over alleged bank robbery attemptStrait of Hormuz will become US territory after Iran war, says TrumpKidnappers free Anambra businessman, reverend sisterOsun Decides: Why Today’s Election Is More Than Who Is GovernorOver 40,000 security personnel in Osun as election holds todayAtiku sues Tinubu over ‘NYSC certificate forgery’, seeks disqualification from 2027 electionLakurawa terrorists kill four soldiers in SokotoSix killed, thousands stranded at airport as rainfall triggers floods in Japan#OsunDecides2026: IPC Unveils AI-Powered WAFLO to Strengthen Journalists’ SafetyAfter Police Interrogation, Fadahunsi Insists Viral Video Was Edited To Misrepresent His CommentNigeria fails fiscal transparency test for 2nd year — US ReportThree killed as herders clash with youths in Plateau communityGunmen kill 10 police officers in KebbiPolice summon Osun senator over killing commentAir Peace Flights Disrupted As Aviation Unions Block Airport Terminals
Sat. Sep 5th, 2026
Trending News: Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death RowEFCC dismissed over 40 staff for corruption, financial malpractice in three years — ChairmanEXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APCEFCC recovers N1.23tn, $684m in 32 months – OlukoyedeCrude Prices Rise Above $90 Per Barrel On US-Iran StrikesCourt remands Brazil-based Nigerian businessman over ‘importation of cocaine’US Resumes Strikes On Iran Over Strait Of HormuzGunmen kill popular comedian, one other in AnambraGroup Demands End To Checkpoint Extortion In Nigeria’s South-eastNDLEA Arrests Cross-Border Kingpin, Intercepts N6.2bn ‘Jihadi Drug’, Opioids At Lagos AirportAPGA wins all seats in Anambra LGA electionsBandits kill eight farmers, injure five others in Sokoto communityDSS to suspend Sowore cybercrime case till after 2027 electionNepal begins burials as flood death toll rises to 752Nigerian jailed eight years in US for stealing $7.5m from charitiesPolice Arrest 70-Year-Old Man Over Alleged Defilement Of Eight-Year-Old Girl In BauchiNiger Republic says attack on airport attempted coup by mutinous soldiersNepal-China Floods Death Toll Rises To 675, Missing Persons Soar To Nearly 3,000Police rescue two Colombians ‘lured to Nigeria, held against their will by Chinese nationals’Tinubu Files Case In US Court To Block Release Of Alleged Drug Trafficking Record — LawyerTwo Nigerians extradited to US over schemes linked to teenagers’ deathsGunshots, explosions heard at Niger Republic airport, presidential palacePoliceman shoots motorist dead in Rivers, colleagues arrestedSimon Ekpa appeals six-year terrorism sentence in Finland — ReportNepal Flood Death Toll Rises To 547, Over 1,400 People MissingGunmen abduct several NYSC members in Kogi’21 terrorists’ killed as troops raid Boko Haram camp in AdamawaZamfara, Sokoto, Borno top Nigeria’s kidnapping victims — ReportTerrorists kill four, abduct four in Sokoto communityUgandan president’s son, Kainerugaba declares bid to succeed father in 2031RULAAC Calls for Independent Investigation into Allegations of Police Complicity in KidnappingA Fitting Tribute to Chima Ubani: Commendation to Governor Alex OttiIran unable to import petrol amid US blockadeDesperate Families Search For Loved Ones As Nepal Floods Kill At Least 180Meta agrees to pay $18bn settlement over claims its platforms harm childrenPolice arrest seven suspects over ‘N3.6bn crypto, internet fraud’95 Dead, 384 Missing In Deadly Nepal FloodDiphtheria kills ‘over 50’ children in KanoThree vigilantes killed in midnight gun attack in PlateauNigeria’s Black Axe among crime groups targeted in global Interpol crackdown — ReportTrump moves to revoke nearly 200,000 asylum seekers’ visasOPINION: When Those Who Should Speak Choose Silence, Who Will Speak for the Igbo Youth?Binance halts transactions with 17 crypto platforms in Nigeria, UAE, IranTrump Vows Economic War As Iran Threatens To Halt All Oil ExportsFACT-CHECK: No, image does not show Elumelu meeting, reconciling with lady who called him ‘Tony’ in viral video101-year-old great-grandma arrested for selling drugs in sachetsCoordinator of ‘fake’ Made in Nigeria agency shares appointment letter ‘issued by SGF office’Mother, three children killed as fire razes Fulani settlement in YobePublish political donation limits for 2027 elections, SERAP tells INECUS judge strikes down Trump visa ban affecting Nigeria, 74 other countriesGunmen attack Niger mosque, abduct worshippersTinubu constitutes APC 2027 presidential campaign council, names Yari DGICPC uncovers fake agency in OSGFFACT-CHECK: Video of Lagos residents scooping diesel in October 2023, trends againPoor Adoption, Usage Of Nigeria’s FOI Act In South-East Mar ExpectationsFBI says disclosing Tinubu’s records could endanger lives, reveal our techniquesRULAAC commends FCT Police Commissioner for strengthening due process in policing47 dead as boat capsizes in SokotoTerrorists planning to attack Sokoto tertiary institutions – DSSUK warns citizens against travel to 11 Nigerian statesTrump Threatens Economic Punishment On ‘Any Country’ Helping IranAtiku: I will restore petrol subsidy if elected presidentPolice: 60-year-old man killed after hoodlums clashed with Davido’s security team in OsogboFG won’t publish details of $5bn Abu Dhabi loan — OyedelePolice Arrest Suspected Mastermind Of Mangu Attack That Killed 25Tinubu redirects EFCC-recovered funds, unclaimed dividends to student loan schemeGunfire erupts in Osogbo as hoodlums attack Adeleke’s convoyPolice kill two suspected kidnappers, recover arms in AnambraMany tourists feared dead as helicopter crashes in KenyaIran’s armed forces warn Gulf countries against assisting US militaryWike orders demolition of houses built on waterways after FCT floodingOver 20 People Feared Killed In Attack On Plateau CommunityCement cheaper in Kenya, Togo than Nigeria — FCCPC probeWike: I’d have helped Tinubu win Osun if he wanted — Adeleke could do nothingUS lifts 12-year restriction on vessels calling at Nigerian portsNDLEA seizes 184kg of cocaine from Lagos courier firm, arrests socialite KC LuxuryGunmen kill police inspector, seven others in AdamawaIdiaye Emerges Edo Assembly Speaker As Agbebaku ResignsCatholic priest allegedly attacked after Mass in EnuguWoman arrested for stealing newborn in KebbiFrozen Account: I’ve Instructed My Attorney General To Drop Suit Against EFCC — AdelekeGunmen kill residents in attack on Benue communitiesINEC declares Adeleke winner of Osun gov pollAt least 38 dead as 7.7-magnitude earthquake hits IndonesiaPolice arrest Accord lawmaker for ‘importing 300 persons’ to vote in Osun guber pollGhana Police kill two, arrest Nigerian over alleged bank robbery attemptStrait of Hormuz will become US territory after Iran war, says TrumpKidnappers free Anambra businessman, reverend sisterOsun Decides: Why Today’s Election Is More Than Who Is GovernorOver 40,000 security personnel in Osun as election holds todayAtiku sues Tinubu over ‘NYSC certificate forgery’, seeks disqualification from 2027 electionLakurawa terrorists kill four soldiers in SokotoSix killed, thousands stranded at airport as rainfall triggers floods in Japan#OsunDecides2026: IPC Unveils AI-Powered WAFLO to Strengthen Journalists’ SafetyAfter Police Interrogation, Fadahunsi Insists Viral Video Was Edited To Misrepresent His CommentNigeria fails fiscal transparency test for 2nd year — US ReportThree killed as herders clash with youths in Plateau communityGunmen kill 10 police officers in KebbiPolice summon Osun senator over killing commentAir Peace Flights Disrupted As Aviation Unions Block Airport Terminals
Sat. Sep 5th, 2026

FG gets $2.25bn Afrexim Bank loan

 

The Federal Government has received a $2.25b foreign exchange support facility from the African Import-Export Bank.

The Minister of Finance, Wale Edun, confirmed this development in an interview on Arise Television.

Edun said it is the first tranche of the $3.3bn facility from the bank.

He noted that the loan was aimed at resolving the acute FX shortage that has hampered the economy.

According to report, the balance of $1.05bn will be received in the first week of January.

Edun stated that work has commenced for solutions to Nigeria’s economic challenges.

In August, the Nigerian National Petroleum Company Limited announced that it had secured a $3bn emergency loan from the Afrexim Bank to stabilise the country’s volatile foreign exchange market

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