Despite IMF Warning, Buhari Makes Fresh Request For $29.96bn Loan

LAGOS NOVEMBER 29TH (NEWSRANGERS)-President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval. Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. T he Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as…

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World Bank LendS $2.1bn To Nigeria

LAGOS JUNE 29TH (NEWSRANGERS)-The World Bank has granted Nigeria a $2.1billion loan to be used exclusively for seven projects. The development bank in a statement Thursday said the projects cut across supporting Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics and reducing vulnerability…

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