$30bn Loan: MAN Worries Over FG’s Repayment Capacity   The Manufacturers Association of Nigeria (MAN) said it is concerned about the debt servicing capacity of the federal government if the National Assembly approves the planned $30 billion loan. The Director General, Segun Ajayi-Kadri told Daily Trust at...

FEC Okays N200bn Loan For BoI   The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from the Credit Suisse AG London Branch and a syndicate of international lenders as collateral for 500m Euro facility to the...

NLNG Demands $10bn Loan For Train 7   The Nigeria LNG Limited, the operator of Africa’s largest natural gas plant, has said it is in talks with lenders for N10bn loan to enable it to finance its Train 7 project. The Chief Executive Officer, Mr Tony Attah,...

Rwanda Gets €115m AfDB Loan The African Development Bank’s Board has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Program, enabling 1.5 million people to access improved, reliable and sustainable water supply services. The funding would cover strategic cities and...

FG Launches Empowerment Loan For 30,000 Traders In Osun The Federal Government has launched the Trader Moni empowerment programme for 30,000 petty traders in Osun State. The Vice President, Prof Yemi Osinbajo (SAN), launched the empowerment loan, which would be paid by the Federal Government through...

MTN Gets N200bn Loan From 12 Banks First Bank of Nigeria Limited wednesday led 12 local banks to sign a N200 billion loan facility for MTN Nigeria. The other banks involved in the deal are Union Bank of Nigeria Plc, Citibank, Diamond Bank Plc, Ecobank, Fidelity...