Loan
Worried by nation’s growing debt crisis, SERAP tells NASS: Stop that fresh loan request now
“SERAP also expressed worry on the perceived unwillingness or inability of the National Assembly to vigorously exercise its constitutional duties to check...
Buhari lobbies Senate for N2.3trn fresh loan approval
Another request for a loan of about N2.3 trillion has been forwarded by President Muhammadu Buhari to the National Assembly for approval. Persecondnews...
IMF approves Nigeria’s $3.4bn emergency loan
The International Monetary Fund (IMF) on Tuesday approved $3.4 billion emergency support for Nigeria to address the severe impact of the...
Despite IMF Warning, Nigeria Secures Another $247 million Foreign Loan
Despite the International Monetary Fund (IMF) warning on Nigeria’s rising debt and taking loans from foreign institutions, the Federal Government has approved another...
Tillerson To Nigeria: Beware Of The Chinese, When They Come Bearing Loans
Everyone’s taking Beijing’s money, especially African governments, but at what cost? With over $3.14 trillion in foreign currency reserves, China has a lot...
African Development Bank offers to loan Nigeria $400m
[dropcap]T[/dropcap]he African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts,...
Adeosun Reverses Statement, Says Nigeria Will Keep Borrowing To Fund 2017 Budget
[dropcap]T[/dropcap]he Federal Government will continue to borrow to fund the budget for 2017, the finance ministry said in a statement on Thursday, after...
Nigeria “Cannot Borrow Anymore”, Says Finance Minister
[dropcap]T[/dropcap]he minister of finance, Kemi Adeosun on Tuesday said that Nigeria must not borrow more to fund its budget and should instead raise...
Etisalat Pulls Out of Nigeria After Loan Talks Collapse
[dropcap]T[/dropcap]roubled Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria,...
