With the Department of Petroleum Resources (DPR) remitting at least $1.03bn to the Federal Government and an additional $600m underway from oil and gas royalties and legacy debts, the long-awaited $1.5 billion loans being requested from the World Bank by the country might be forfeited, the regulator has revealed.

For more information, please see https://guardian.ng/business-services/why-nigeria-may-not-need-delayed-1-5b-additional-world-bank-loan/