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...

InfraCredit Completes Drawdown Of AfDB’s $10m Loan Agreement     InfraCredit, an ‘AAA’ rated specialised infrastructure credit guarantee institution, says it has completed the drawdown of $10m subordinated unsecured 10-year facility under the subordinated loan agreement with the African Development Bank, an international financial institution and multilateral...

CBN Unveils N200bn Loan For FG’s Social Housing Project       The Central Bank of Nigeria has said it will release a cumulative maximum limit of N200bn to provide construction finance facility to enable Family Homes Funds Limited to implement the Federal Government’s Social Housing programme as...

Niger Gets N1.5bn CBN Loan To Boost Agriculture     Niger State government on Thursday disclosed that it has accessed N1.5 billion Central Bank of Nigeria (CBN’s) Accelerated Agriculture Development Scheme to boost production of rice, maize and soya beans in the state. The state Commissioner for Livestock...

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...

Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan   Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal government and the World Bank to run a forensic audit on power Distribution Companies (DisCos) before they could access a...