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Tag: loans

FG services debt with N315bn

The federal government spent N351.98billion to service domestic debts between October and December, 2020, as a total of $243.88 million was expended...

Lack Of cooperation hinders China’s debt relief to Africa

About 31 percent of Africa’s external debt is owed to private bondholders compared to about 17 percent to China,” said David Dollar, a senior fellow at the China Center at the Brookings Institution.

Don’t turn Nigeria to begger country, you have borrowed enough, PDP to Buhari

“What Nigeria needs now is for government to be more innovative and resourceful in galvanizing a productive economy instead of reducing our nation to a beggar status among the comity of nations”.

Fresh World Bank, AfDB, IDB loans may raise Nigeria’s debt to N31.7tn

Nigeria currently expects about $1.844bn (N699.1bn at N379/$ official exchange rate) from the three financial institutions, Sunday PUNCH gathered from the Debt Management Office in Abuja.

‘Beneficiaries think TraderMoni is national cake, unwilling to repay loans’

“Poor masses are not ready to repay the loan after collection because of the attitude of Nigerians to anything from the government, thinking it is national cake. Also, those that disbursed the money do not have records of beneficiaries like phone numbers and addresses, thus, making it difficult to track them for repayment,” Abdulrazaq-Sanusi said.

SERAP sues Buhari over ‘failure to publish details of N800bn recovered loot’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over failure to “disclose information and documents...

Bad Borrowers: As banks begin activation of GSI, stakeholders see challenges ahead

The Nigeria’s banking industry, last week, entered a major phase in its credit market with the activation of the Central Bank...

Access Bank begins disbursement of loans to grow Nigerian health sector

Access Bank PLC is set to release loans through the Central Bank of Nigeria (CBN) credit support scheme to ramp up...

Exclusive: Nigeria’s $1.5 billion World Bank loan delayed over reforms, say sources

The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over...

APC faults N18bn Rivers flyover loan

The All Progressives Congress in Rivers State led by Isaac Ogbobula has expressed sadness over the state House of Assembly’s approval...

Compel Buhari to publish loans obtained since 2015, SERAP urges court

SERAP also demanded that the interest rate and the total amount of debts so far been incurred by the Buhari regime, as well as details of the projects on which the loans have been spent be made public.

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NIS recruitment: 6,105 prospective applicants shortlisted

the applicants are to be invited via their e-mails and SMS on the mobile telephone lines they gave from Monday, May 10, 2021.

Update: 30 abducted worshippers rescued, 10 still missing – Katsina police

“I can say 10 are still missing. Information at my disposal is that one of the families have been contacted by the criminals. So, in a nutshell, we can say they are presently detained in the hands of these abductors.”

Aguero apologises for missed Panenka penalty against Chelsea

“I would like to apologise to my teammates, staff and supporters for missing the penalty. It was a bad decision and I take full responsibility.”

Bandits kidnap dozens of Muslim worshippers in Katsina

The bandits, it was gathered, stormed the area around 2am and kidnapped the worshippers in a mosque located in the outskirt of the town.