loan

FG to loan N90bn to states [DETAILS]

The Federal Government will provide a N90 billion loan facility to state governments so as to reduce their dependency on the monthly handout from the Federation Account. The states of the federation are expected to meet 22 stringent conditions after which the loan will be given to them over one year and will be repaid... Read More

Federation Account, FG, Finance Minister, governors, kemi Adeosun, loan, state governments

‘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 loan request was passed by the lawmakers after an extensive debate was done. Arguing for the loan request, members of the House pointed out that... Read More

approve, borrow, CBN, corruption, Governor, lawmakers, loan, request, Rivers State, wike

Nyesom Wike's fate rests on the ruling of the Supreme Court | YNaija.com

APC says Wike is collecting 10bn loan ‘to watch UCL final in Milan’

The Rivers State Chapter of All Progressives Congress has lamented that Governor of Rivers State, Nyesom Wike was given approval by the House of Assembly to secure a loan of N10 billion from commercial banks for apparently no reason. The state House of Assembly, yesterday granted the governor’s request to source for the said loan... Read More

2015, APC, assembly, election, loan, Nyesom, PDP, Rivers, SDP, wike

‘There was no loan deal during Buhari’s visit to China’ – Presidency

The Presidency has said President Muhammadu Buhari did not sign any loan agreement with the Peoples Republic of China during his one-week working visit to the Asian country. Special Adviser to the President on Media and Publicity, Femi Adesina, revealed to Punch Newspapers on Saturday, that “there was no loan deal during the President’s visit... Read More

Buhari, China, loan, Presidency

‘Nigeria does not need it’ | Fayose writes China to deny Buhari of $2bn loan (READ)

Ayodele Fayose, the Ekiti state governor has written a letter to the Chinese government, demanding the cessation of the prospective loan of $2bn to the federal government of Nigeria. Fayose said some of the projects for which the loan was being sought were not included in the 2016 budget. The letter dated April 12, 2016,... Read More

Featured, The News Blog

$2bn, Buhari, China, Fayose, loan

China offers Nigeria $6bn credit facility

Nigeria has been offered a $6bn credit facility by China to fund infrastructure projects in the country. This development was on Tuesday, made known by the Minister of Foreign Affairs, Geoffrey Onyeama. While speaking with reporters who travelled with President Muhammadu Buhari to China, the Minister said: “It is a credit that is on the... Read More

Featured, The News Blog

China, loan, nigeria

‘Don’t take $2bn loan from China’ – Falana

Prominent human rights lawyer and Senior Advocate of Nigeria, Femi Falana has advised the Federal Government to abandon its plan of borrowing $2 billion from China, saying that such a move will plunge ‘the nation into more indebtedness.’ Falana urged the Muhammadu Buhari administration to instead, make efforts to recover funds that were not remitted... Read More

Featured, The News Blog

China, falana, Falana Femi, FG, loan, nigeria

Wike given green light to borrow another 10bn

Rivers state governor, Nyesom Wike, was on Friday, given approval to obtain a N10 billion loan from the Excess Crude Account (ECA). The approval of the loan by the Rivers State House of Assembly, was in response to a letter Wike sent to the assembly through the Speaker. In the letter, dated April 5, 2016,... Read More

loan, N10bn, Nyesom Wike, Rivers State, wike

‘Buhari is planning to borrow N1.84 trillion from China’ – Fayose

The Ekiti state governor, Ayodele Fayose, on Friday raised an alarm over the proposed trip of President Muhammadu Buhari to China. According to the governor, President Buhari was travelling to China so he can obtain a loan of N1.84 trillion that he will use to finance the 2016 budget. Speaking through his Special Assistant on... Read More

Featured, The News Blog

Buhari, China, Ekiti, Fayose, loan, nigeria

February 14, 2016

Falana set to drag FG to court over $3.5 loan

Coming on the heels of the recent letter he wrote to the federal government against obtaining external loan to the tune of $3.5 billion, senior lawyer and human rights activist, Femi Falana, on Sunday, threatened to initiate a legal suit against the government. In his earlier letter, dated February 5, Falana had urged the Nigerian... Read More

court, falana, FG, loan

February 14, 2016

‘You can’t borrow from Islamic Bank’ – Shehu Sani tells northern governors

Chairman, Senate committee on Foreign and Domestic Debts, Senator Shehu Sani, has criticised the move by the 19 northern governors to take a loan from the Islamic Development Bank. He said the move was a violation of the laws of Nigeria adding that it is contrary to the act of National Assembly, specifically that of... Read More

Islamic bank, loan, Northern Governors, Senator Shehu Sani

February 8, 2016

Why Falana doesn’t want Nigeria to borrow from the World Bank

Human rights lawyer, Femi Falana (SAN), on Sunday, advised the Muhammadu Buhari administration to ditch the plans to borrow $3.5 billion, from the World Bank and African Development Bank, to fund the 2016 budget. Falana, who stated this in a press statement, in which he said the attached conditions to the loans were harsh and... Read More

Buhari, economy, femi falana, loan

Kemi-Adeosun-YNaija

February 3, 2016

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 much as $5 billion to help fund a deficit due to the drop in global oil prices. According to Reuters, the bank disclosed that it was... Read More

borrow, economy, loan, nigeria

September 9, 2015

Fayose gives N500k to cripple, as State Assembly approves N19.6bn loan (PHOTOS)

Ekiti State House of Assembly has approved N19.6bn loan facilities for the state government. Governor Ayodele Fayose had written two different letters, requesting for the Assembly’s approval for the loan. The state government is expected to secure the loans from Access Bank (N10bn on 10-year and 9 per cent repayment arrangement) as well as Skye Bank (N9,604,430,000 on 20-year... Read More

assembly, Ayo Fayose, Ekiti, loan

September 6, 2015

“I didn’t borrow in 8 years as Governor” | Lamido blows his trumpet

Former Governor of Jigawa State, Sule Lamido has said that he did not borrow money from any bank to fund all the projects he carried in the state for eight years. Lamido, who disclosed this during an interview in Kano also said that the total contractual liability of the state at the time he left office... Read More

Jigawa State, loan, projects, Sule Lamido

August 20, 2015

Man hangs self over N18,000 bank loan

27-year- old Adekola Busari hung himself in Osun state on Wednesday. Apparently, Busari was indebted to a micro finance bank, but his wife had assisted him to repay the loan. The debt remained N 18,000 to be paid when the man took his life. However, the loan has been tabled as one of the many things that may... Read More

hangs himself, loan, man

August 17, 2015

Okonjo-Iweala responds to report about $600m loan fraud

Recently there was a report that $600 million of the $1 billion Chinese loan obtained for railway projects was diverted under the Jonathan administration. But the finance minister in that administration, Ngozi Okonjo-Iweala, has refuted the report. Read the statement below by her media aide. Since this story was first reported, we have continued to... Read More

Buhari, Chinese bank, loan, Okonjo-Iweala, PROBE

Buhari backs down, writes Saraki to request $75m loan for Edo

‎President Muhammadu Buhari has finally decided to put the interest of the nation before his grievances. He has written to Senate seeking approval for a $75 million loan from the World Bank for the Edo state government. It would be recalled that the unending rift between Buhari and the senate president, Bukola Saraki stalled the loan... Read More

Buhari, Edo state, loan, Saraki, senate, World Bank

Buhari/Saraki issue stalls World Bank loan

The unending rift between President Muhammadu Buhari and the Senate President, Bukola Saraki is causing some major challenges as a World Bank loan sought by Edo state has been stalled because of the so called rift. The development loan, which is in the finals stage of approval requires a country guarantee that, by the country’s laws,... Read More

Buhari, Edo state, loan, Saraki

December 16, 2014

Perry Brimah: Despite all the money we owe, Ghana and Nigeria are in a borrowing frenzy

by Perry Brimah In Ghana the conversation in the Senate and on the media has been direct—place a moratorium on Government borrowing for one to two years prior to any election. Nigeria is yet to have its conversation despite a worse crisis. Nigeria has been borrowing aggressively in recent years. The Jonathan government borrowed 1.1 billion... Read More

economy, Ghana, loan, nigeria, opinion, Perry Brimah, ynaija

September 15, 2014

Strange request: Woman uses ‘Holy spirit’ as collateral to get bank loan

by Kolapo Olapoju On Friday, 12 September, there was a drama of sorts at a micro-finance bank in one of the major cities of Delta, when a certain middle-aged woman approached a bank officials and requested for a loan of N1.5 million. After which, the official gave her a form to fill for the loan... Read More

Chrsitian, collateral, Delta, Holy Spirit, loan, Microfinance bank

August 28, 2014

We will get Gwoza back from Boko Haram – Gen Olukolade is now ready to accept reality

by Kolapo Olapoju On Wednesday, 27 August, the Director of Defence Information, Major-General Chris Olukolade said the Nigerian Army will imminently take back the Islamic caliphate of Gwoza from the forces of Boko Haram. After initially being in denial about Abubakar Shekau’s declaration that Gwoza now belongs to the sect, the Army boss has said... Read More

Abubakar Shekau, army, BBC, Borno, Caliphate, Cameroon, channels television, Director of Defence Information, Firefight, Gamboru Ngala, Gwoza, loan, Major-General Chris Olukolade, nigeria, President Goodluck Jonathan

Perry Brimah: So Government took N1 billion from unemployed youth and gave N11 billion to the auto cabal

by Perry Brimah What are the terms of this loan to the auto cabal, if that is what it is? What is the oversight of these “companies” given money and how is the selection made? Are they simply companies that promise the government officials shares in their companies, political donations and gifts of private jets,... Read More

aliko dangote, Cabal, jalal, loan, opinion, Perry Brimah, unemployed youths, ynaija

Opinion: OOU ASUU strike – In defence of common sense

by Ogunjimi Taiwo The sad thing is that the same students that are victims of government’s irresponsibility will be the same ones running around supporting APC when the same APC’s Governor Amosun finds it easier to obtain loans to build bridges than to get loans and source for funds to pay lecturers’ salaries. The Olabisi... Read More

APC, ASUU, bridges, Common sense, Defence, Ibikunle Amosun, lecturers, loan, ogunjimi james taiwo, OOU, opinion, pay, salaries, strike, ynaija

September 25, 2012

We did not take over management of Aero Contractors – AMCON

by Isi Esene There are conflicting signals coming from the Central Bank of Nigeria and the Assets Management Company of Nigeria (AMCON) regarding the takeover of Aero Contractors Airline. Mustafa Chike-Obi, the AMCON managing director denied reports of a takeover saying “it is not true”. He said, “Reports that AMCON has taken over Aero Contractors... Read More

Aero Contractors, Airline, AMCON, Assets Management Company of Nigeria, aviation, CBN, central bank of Nigeria, debt, loan, Mustafa Chike-Obi

September 14, 2012

Nigeria borrows N176 billion from Chinese bank

by Stanley Azuakola A Federal Government delegation comprising Nigeria’s minister of Finance, Ngozi Okonjo-Iweala, minister of Aviation, Stella Oduah, minister of the Federal Capital Territory, Bala Mohammed, and minister of State for Works, Ambassador Bashir Yuguda were in China, where they obtained a loan of $1.1 billion (about N176 billion) from the Chinese Exim Bank,... Read More

Abuja rail, China, Chinese Exim bank, galaxy backbone, loan, Okonjo-Iweala, stella oduah, terminals

September 12, 2012

China offers Nigeria $1.1bn loan to build light rail and airport terminals

by Akan Ido Nigeria again goes a-borrowing as the ministry of finance on Wednesday announced that China is offering the country a $1.1bn loan to help the build airport terminals, a light rail line in Abuja and make make much needed improvements in communication systems. The light rail project is expected to ease traffic congestion... Read More

Abuja, airport, China, Internet, loan, Ministry of Finance, ngozi okonjo iweala, nigeria, Rail, transportation

Ugodre Talks Figures: How to get a car loan in Nigeria

by Ugodre Mike: Hi Ugo, I need a car loan how do I get one? Ugo: Getting a car loan in Nigeria is not that difficult provided you are qualified for it. The following steps may just give you a shot at getting the loan Mike: Hold on. Qualified? How is one qualified? Ugo: Nigerian... Read More

bank, car, dealer, loan, nigeria

NEWER POSTS 1 2

15 49.0138 8.38624 arrow 0 arrow 0 4000 1 0 horizontal https://ynaija.com 300 0 1