LCCI, NUPENG Knock FG Over Subsidy Removal, $800m Palliative Loan
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the $800 million loan the Federal Government has secured to cushion the effect of premium motor spirit (PMS) subsidy removal on poor Nigerians,...
World Bank Loan Of $800m To Be Repaid Over 25 Years By FG
The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime.
The Minister of Finance, Budget and National...
Fed Govt $22bn Loan Request Declined By Chinese Bank – Reps
The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank.
This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier...
Reps Approve N1trn Borrowing, Dump N22.7trn Loan Request
The House of Representatives, on Tuesday, partly approved of the requests made by President Muhammadu Buhari on Ways and Means Advances from the Central Bank of Nigeria.
While the House approved restructuring of N1tn WMAs, the lawmakers dropped...
N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari
President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill.
It is the eighth and final budget of his regime.
Buhari signed the 2023 budget at the...
262 Farmers Get N82.4m Loan From USAID
No fewer than 262 smallholder farmers under the USAID-funded Feed the Future Nigeria Rural Resilience activity, on Tuesday, received N82.4 million to boost food sufficiency in the region and the country in general.
The farmers were in three clusters...
