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Tag: borrow
APC says Fayose borrowed N56bn and exploiting Ekiti people but he denies
The All Progressives Congress (APC) in Ekiti have disagreed with Governor Ayodele Fayose over the state’s N56bn debt profile by the Debt Management Office. In a statement by its Publicity Secretary,…
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Senate approves Buhari’s $5.5bn loan request
The Senate has approved a $5.5 billion loan request by President Muhammadu Buhari. Background: Buhari had asked the upper chamber to approve the borrowing of $2.5 billion to finance the 2017…
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Why we have no choice but to borrow – Adeosun
Minister of Finance, Kemi Adeosun has said oil prices are not returning to $110 per barrel, leaving Nigeria no choice than to borrow. Adeosun spoke at the 14th Daily Trust…
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‘Ambitious’ Wike gets the nod for another multi-billion naira loan
The Rivers State House of Assembly, on Friday, granted the request of Governor Nyesom Wike to borrow N12 billion from the Central Bank of Nigeria According to the Punch, the…
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Secret account, lavish living and other sins of Fayose… according to the APC
The Ekiti state All Progressives Congress (APC), on Monday, lambasted the state Governor, Ayodele Fayose for plunging the state into needless crisis, saying that Fayose's governance was “an unconscionable and…
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Nigeria requests for $1bn loan from AFDB
The African Development Bank has revealed that Nigeria has requested for a $1 billion loan to help fund the budget deficit. The federal government has revealed that it is considering borrowing as…
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FG hasn’t yet applied for loans from World Bank
Owing to the present state of the economy, speculations have been rife that Nigeria intends to borrow $3.5 billion in emergency loans from the World Bank and African Development Bank…
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Opinion: Tukur’s exit cannot save PDP from its impending death
by Garba Shehu That said, there is no denying that Tukur’s departure is coming with an expiry date, too little, too late to change anything. It is certainly most unlikely…
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TICKER: FG to borrow $9.3billion
The Federal Government has amended its borrowing plan for infrastructural development, reviewing its proposed debt profile up from $7.9bn to $9.3bn between 2012 and 2014. The government will source a…
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TICKER: Nigeria’s debt rises, to borrow $25bn by 2015
The Federal Government is expected to borrow $25 billion by 2015, Nigeria’s Debt Management Office, DMO, told the House of Representatives yesterday. This disclosure was made at a meeting with…
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