Nigeria To Borrow $6.9bn From IMF, World Bank, AfDB   The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...

Petrol Price: Marketers Seek Loans, DPR Enforces Compliance   Oil marketers on Thursday called for soft loans from the Federal Government following the abrupt impact of the recent reduction in the pump price of petrol on their businesses. The Independent Petroleum Marketers Association of Nigeria had directed...

Loan: CBN Grants Businesses One-year Extension On Repayment   The Central Bank of Nigeria on Monday announced policy measures to tackle the impact of coronavirus on the businesses and the nation’s economy. The CBN Governor, Mr Godwin Emefiele, said during a media briefing in Abuja that from...

W/Bank Meets Over Fresh Loan For Nigeria   There are indications that the Executive Board of the World Bank will today (Tuesday) meet over a new loan sought by Nigeria. Details of the loan were still sketchy on Monday evening but it was gathered that the sum...

Nigeria Will Get First Tranche Of $3bn Loan Soon – World Bank   The World Bank has confirmed that discussions on its first tranche of the $3bn loan request to Nigeria have reached advanced stage and projected that the sum would be approved and given to...

We’ll Consider Buhari’s Request For $30bn Loan, Lawan Says   Senate President Ahmad Lawan yesterday in Abuja said the Senate would consider the $30 billion loan request by President Muhammadu Buhari. Addressing journalists on the achievements of the ninth assembly, Lawan said the request was rejected...