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Nigeria: Buhari Seeks NASS Approval for $2.78 Billion Eurobonds
Premium Times, 9 October 2018
President Muhammadu Buhari has requested a National Assembly resolution to raise $2.78 billion from the International Capital Market for part-funding of the 2018 budget. Read more »
Nigeria Seeks Foreign Funding for Parts of 2018 National Budget
A spike in the US interest rate has seen the government scramble to borrow U.S.S.$2.8 billion offshore to finance its 2018 Budget, Minister of Budget and National Planning, Udoma Udo Udoma has said. Meanwhile, an expert has warned that new loans will attract higher costs which would not be good for the country.
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Nigeria: U.S. Rate Hike to Push Up Govt's Cost of Borrowing
This Day, 8 October 2018
The federal government will have to take foreign loans at higher cost as it seeks to finance the 2018 budget, due to the interest rate hike in the United States. Read more »
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Nigeria: Govt Plans Additional $2.8bn Foreign Loan to Finance 2018 Budget
This Day, 28 June 2018
The federal government plans to borrow $2.8 billion offshore to finance its 2018 budget and would explore all options to lower costs, the Director General, Debt Management Office… Read more »
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Nigeria: The Rising Debt Burden
This Day, 28 March 2018
Borrowing could help, but better management of resources is needed Read more »
InFocus
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President Muhammadu Buhari has said he signed the 2018 Appropriation Bill so that economic recovery would not be slowed down. The National Assembly passed the Budget on May 16, ... Read more »
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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, says the government will borrow U.S.$4,4 billion to finance part of the 2018 budget signed by President ... Read more »
