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Tag "loan"

FG proposes N11trn loan for 2023 budget — to exceed borrowing limit

    FG proposes N11trn loan for 2023 budget — to exceed borrowing limit

The federal government has proposed to borrow over N11 trillion to finance the proposed 2023 budget deficit, a development far above the stipulated threshold in the Fiscal Responsibility Act. Zainab

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Chinese embassy, Ugandan government deny takeover of airport by China over loan default

    Chinese embassy, Ugandan government deny takeover of airport by China over loan default

The Ugandan government and Chinese embassy in the country have denied viral media reports that China has taken over the Entebbe International Airport. Media reports have claimed that Uganda has

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Nigeria gets World Bank approval on $400m loan for COVID vaccines

    Nigeria gets World Bank approval on $400m loan for COVID vaccines

The World Bank has approved $400 million credit facility for the purchase and deployment of COVID vaccines in Nigeria. The approval was announced in a statement issued by the World

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Accumulating debts for next generation is criminal, Obasanjo tells FG

    Accumulating debts for next generation is criminal, Obasanjo tells FG

Former President Olusegun Obasanjo has faulted the federal government’s plan to source fresh external loans. He said the FG was accumulating debts for the next generation, describing it as “criminal.”

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APC: FG borrowing to uplift living standards of Nigerians

  APC: FG borrowing to uplift living standards of Nigerians

The All Progressives Congress (APC) says the loans obtained by the  President Muhammadu Buhari administration are borne of the desire

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Buhari seeks national assembly’s approval to borrow fresh $4bn, €710m 

  Buhari seeks national assembly’s approval to borrow fresh $4bn, €710m 

President Muhammadu Buhari is seeking the approval of the national assembly to borrow fresh sums of $4,054,476,863 and €710 million

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Senate approves $8.3bn, €490m loans requested by Buhari

  Senate approves $8.3bn, €490m loans requested by Buhari

The senate has approved $8.3 billion and €490 million loans requested by President Muhammadu Buhari. The request of Buhari was

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Heritage Bank staff besiege Andy Uba’s Abuja residence over ‘unpaid loan’

  Heritage Bank staff besiege Andy Uba’s Abuja residence over ‘unpaid loan’

Some workers of Heritage Bank Plc on Monday besieged the residence of Andy Uba, former senator from Anambra state, over

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‘It’s part of 2021 budget’ — DMO clarifies Buhari’s $6bn loan request

  ‘It’s part of 2021 budget’ — DMO clarifies Buhari’s $6bn loan request

The Debt Management Office (DMO) says the $6 billion (N2.34 trillion) loan request by President Muhammadu Buhari is already captured

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Buhari asks national assembly to approve $6bn loan request

  Buhari asks national assembly to approve $6bn loan request

President Muhammadu Buhari has asked the national assembly to approve a loan request of $6 billion. The request is a

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