FG Borrowed N3.2trn Through T-Bills In 2020
The Federal Government borrowed N3.2 trillion from the investing public through treasury bills, T-Bills, in 2020, while it paid N253 billion as interest on TB borrowings from January to September 2020.
This represents marginal increase of 1.9 percent, year-on-year,...
China Approves Loan For $2.6bn AKK Gas Pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the Federal Government announced on Tuesday.
Minister of Finance, Budget and National Planning, Zainab Ahmed, and Group Managing...
House Summons Finance Minister Over $36.1m World Bank Loan
The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, part of which was allocated...
FG Grants Yola Disco N5bn Loan To Procure 85,000 Meters
The federal government has granted the Yola Electricity Distribution Company (YEDC), a N5 billion loan for sourcing of 85,375 meters for its customers.
In December last year, the government said it was taking over the Disco...
W/Bank Withholds $1.5bn Loan To Nigeria
Nigeria got a caveat on Thursday to get approval for a $1.5 billion loan she is seeking from the World Bank. The reforms around the naira must be strengthened by the Federal Government, the financial institution is insisting.
According to...
House Summons Auditor General Over $36.1m W/Bank Loan
The House of Representatives has summoned the acting Auditor General of the Federation, Mr Aghughu Adolphus, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, to the office.
The House Committee on...
