Senate Approves Buhari’s Request On Fresh $5.8bn Borrowing   The Senate, on Wednesday, approved the request by President Muhammadu Buhari for loans totalling $5,803,364,553.50 and a grant component of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government. The approval followed the consideration and...

Reps Okay Fresh $5.8bn Loan, $10m Grant For Fed Govt   The House of Representatives, on Tuesday, approved external borrowings totaling $5,803,364,553.50 and a grant of $10,000,000 for the Federal Government as part of the proposed 2018–2020 External Borrowing (Rolling) Plan No.3. The approval followed the adoption...

Senators Kick As $5.8bn Mambilla Power Project Stay Idle        Members of the Senate Committee on Power expressed anger on Monday when the Minister of Power, Mamman Saleh, said the $5.8bn Mambilla Power Project had yet to take off. The committee was also expressed surprise over the...

Dangote Gains $5.8bn In One Day, Now 64th In Billionaires' List   The President, Dangote Group, Aliko Dangote, gained $5.8bn within 24 hours as his total net worth rose to $16.6bn on Tuesday. Bloomberg Billionaires Index, a ranking of the world’s 500 richest people, showed that his...

FG To Start Building $5.8bn Mambila Power Plant The Federal Government plans to start building a $5.8bn hydropower plant in the eastern Mambila region this year, after it agrees on loan terms with China’s Export-Import Bank. “We hope to break ground this year if we can...