LOAN

Tinubu Seeks Approval For $5bn Loan President Bola Ahmed Tinubu has asked the House of Representatives to approve a $5 billion external loan from First Abu Dhabi Bank to support government spending. The request was presented in a…
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The Oyo State Government has refuted claims by the All Progressives Congress (APC) that Governor Seyi Makinde’s administration secured a fresh loan of N300 billion. The allegation was raised by Ibrahim Shittu, the lawmaker representing…
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The latest figures released by the Debt Management Office (DMO) showed that the country’s debt increased by N560 billion between December 2018 and March 2019. By March 2019, the total foreign debt stood at N7.8 trillion ($25.6 billion)…
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The Minister of Finance, Mrs. Kemi Adeosun, has explained that the federal government is not desirous of borrowing fresh loans, but seeking to refinance what is known as legacy or inherited debts.
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Sani, in his report noted that the committee resolved to consider the railway project due to its importance and urgency to fast track the development of critical infrastructures in the country.
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