FG to borrow $104.2m and $20m for water projects
The Federal Government is to obtain $104.2m and $20m loans from two international financial institutions for the development of water projects in Nigeria.
A statement by…
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FG asks NASS to approve fresh $1.2bn loan from Brazil
The Federal Government is seeking a $1.2bn loan from Brazil to finance agricultural programmes in the 2021 budget.
Minister of Finance, Zainab Ahmed, who disclosed this…
NASS already approved $500m China loan, no need for probe … Reps
The House of Representatives has faulted its Committee on Treaties, Protocols and Agreements for investigating the $500m loan Nigeria recently obtained from China, saying…
We’re not opposed to Chinese loan says Reps
Despite repeated appeals by the Minister of Transportation, Rotimi Amaechi that the ongoing probe of Chinese loans for the development of the rail sector in the country be halted,…
$114.28m World Bank loan: SERAP demands public scrutiny, transparency in spending
Following World Bank’s approval of $114.28m credit and grant for COVID-19 for Nigeria, the Socio-Economic Rights and Accountability Project, (SERAP) has asked the global financial…
Breaking: World Bank approves $114.28m for Nigeria
The World Bank Board of Directors on Friday approved a total of $114.28m for Nigeria.
The amount is meant to help Nigeria prevent, detect and respond to the threat posed by…
Again, Atiku decries Nigeria’s rising debt profile, faults trading sovereignty for China loan
Former Vice President, Alhaji Atiku has described as the height of irresponsibility on the part of the President Muhammadu Buhari’s led administration to trade the nation’s…
Court asked to order Buhari to publish details of loans received since 2015
A group, Socio-Economic Rights and Accountability Project (SERAP) has asked the Abuja Federal High Court to order President Muhammadu Buhari to publish details of loans that have…
China will take over Nigerian assets if FG defaults on loan… Amaechi
Minister of Transportation, Rotimi Amaechi, has said China will take over Nigerian assets built with the $500m loan the country gave to Nigeria if the Federal Government…