The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine – year low as investors seek safety in less risky and high yielding fixed income securities.
The capital importation data supplied by the Central Bank of Nigeria (CBN) and recently...
The African Development Bank’s Board of Directors has approved a $600m loan for Nigeria, several months after the Federal Government had approached the lender for a budget-support facility.
The loan is meant to help Nigeria plug its budget deficit as the nation grapples with its...
The Federal Government will seek to borrow $25.46bn from multilateral and bilateral development agencies, including the World Bank and the Islamic Development, between now and 2018.
Other agencies the Federal Government will resort to for funds to complement the dwindling resources from oil and gas...
Plans by the Federal Government to borrow billions of dollars from the World Bank to plug its budget deficit have run into delays as the international lender is demanding for further reforms from the government as a condition for any loan.
This came barely one...
The African Development Bank is working on giving Nigeria loan facilities of $4.1bn between now and next year for critical sectors of the economy.
The loans include $1bn at a concessionary interest rate of 1.2 per cent for Nigeria to address the 2016 budget deficit...
The President, African Development Bank, Mr. Akinwumi Adesina, says huge capital is available in Africa.
Adesina, therefore, urged the continent’s governments to boost tax revenue and steer clear of international borrowing as the region grappled with its worst economic slump in more than a decade.
Adesina...
