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...
