DPR: $1.5bn World Bank Loan May Be Needless       The Department of Petroleum Resources (DPR) at the weekend said with the remittance of at least $1.03billion to the Federation Account and an additional $600million expected from oil and gas royalties and legacy debts, the delayed $1.5...

Reforms Delay $1.5bn World Bank Loan To Nigeria     The World Bank is unlikely to approve the much-needed $1.5 billion for Nigeria this month as planned due to concerns over desired reforms, it was gathered yesterday. A delay in financing from multilateral lenders could leave the economy...

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders   The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday. Quoting sources said to be close to the development,...

W/Bank’s Approval For Nigeria’s $1.5bn Cash Coming July     The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country director said at the weekend. The World Bank is working on...

Nigeria, UAE Trade Volume Hits $1.5bn, Says Ambassador   The Ambassador of the United Arab Emirates (UAE), Dr Fahad Al Taffaq, has put the volume of trade between his country and Nigeria around $1.5 billion, the figure which is based on trade in 2018 was mainly...

NSIA Grow $1.5bn SWF By $350m The Nigerian Sovereign Investment Authority (NSIA), which is the agency managing the Sovereign Wealth Fund (SWF), said it had grown the seed capital of $1.5bn given to it by the Federal Government by about $350m. The fund set up in...