Tinubu Obtains $2.7bn World Bank Loans Amid Rising External Debt Servicing Costs

LAGOS DECEMBER 28TH (NEWSRANGERS)-Nigeria secured total loans of $2.7 billion from the World Bank under the administration of President Bola Tinubu amid concerns over the country’s rising external debt servicing costs.  The four approved loans are for power ($750 million), women empowerment ($500 million), girl’s education ($700 million), and renewable energy ($750 million), according to…

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Argentina’s New President Fires 5,000 Govt Employees Hired In 2023, Before He Took Office

LAGOS DECEMBER 8TH (NEWSRANGERS)-The administration of Argentina’s new President Javier Milei said on Tuesday that his government won’t renew contracts for more than 5,000 employees hired this year before he took office. The move was part of a sweeping plan of cutbacks and devaluations announced by the right-wing libertarian since he took office on Dec….

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