The Senate has approved President Bola Tinubu’s request to borrow over $21 billion for key projects in the 2025–2026 budget.
The plan includes $21.19bn in foreign loans, €4bn, ¥15bn, and $65m in grants. There’s also a provision to raise $2bn...
President Bola Ahmed Tinubu has asked the House of Representatives to approve external loans worth $21.5 billion, €2.2 billion, and 15 billion Japanese yen, to fund key projects in infrastructure, agriculture, education, health, and security across Nigeria.
He also requested...
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the federal government, through the company, secured a $1 billion loan to assist the Dangote Refinery during a period of financial difficulty.
NNPCL’s Head of Corporate Communications, Olufemi Soneye, made...
The Nigerian Senate on Thursday approved President Bola Ahmed Tinubu's request to secure a $2.2 billion external loan under the 2024 Appropriation Act. The approval followed the consideration of a report by the Senate Committee on Local and Foreign...
President Bola Tinubu has sought the National Assembly’s approval for a new external borrowing plan of N1.767 trillion to partially address the N9.7 trillion deficit in the 2024 budget.
In a letter addressed to Senate President Godswill Akpabio and House...
The world bank has approved a total of $2.25 billion loan facility for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday.
The statement from the international...
ABIA STATE TO GET $125 MILLION FROM ISLAMIC DEVELOPMENT BANK FOR ROAD CONSTRUCTION.
The governor of Abia state, Alex Otti, has disclosed that his state received approval for a $125 million loan facility from Islamic Development Bank, but the funds...
