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Nigeria: Govt Suspends Plans to Borrow $22.7bn
Vanguard, 17 March 2020
The Minister of Finance, Mrs. Zainab Ahmed, yesterday, disclosed that the Federal Government has suspended its $22.7 billion external borrowing plans due to current realities in… Read more »
Nigeria Suspends U.S.$22.7 Billion External Borrowing Plan
Zainab Ahmed, Minister of Finance, has said that the decision to drop the plan was taken due to current realities in the global economic landscape driven by the fallout from the coronavirus pandemic. The deadly virus has completely unsettled the world economy, with the price of crude oil plunging to its lowest levels since 2016.
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Nigeria: Govt Suspends $22.7bn Borrowing Plan
Premium Times, 17 March 2020
The federal government has suspended its $22.7 billion external borrowing plan, the Minister of Finance, Budget and National Planning, Zainab Ahmed, announced on Monday. Read more »
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Nigeria: Opposition Parties Sue Govt, Four Others Over $22.7bn Loan Request
This Day, 17 March 2020
The Coalition of United Political Parties (CUPP), acting through one of the registered political parties, Action Peoples Party ( APP), yesterday filed a suit against the federal… Read more »
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Nigeria: Coronavirus - How Drop in Oil Price Affects Nigeria's Economy
Vanguard, 17 March 2020
Despite the absence of reassuring words from the Federal Government, Nigerians have cause to be concerned, as the global spread of coronavirus, also known as COVID-19, and the… Read more »
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Nigeria: Govt Suspends $3.3bn Eurobond Issuance
Daily Trust, 17 March 2020
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday disclosed that the Federal Government had suspended the issuance of the $3.3bn Eurobond in view… Read more »
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Nigeria: Nigeria's Total Debt Now N33trn - Senate
Vanguard, 17 March 2020
The Senate yesterday raised alarm that with its approval of $22.7billion foreign loan request by President Muhammadu Buhari penultimate week, the total debt profile of Nigeria now… Read more »
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Nigeria: Nigeria's Debt Profile Now N33tn - Senate
This Day, 17 March 2020
The Senate yesterday put the Nigeria's total debt profile at N33 trillion after its approval of $22.7 billion foreign loan for the federal government penultimate week. Read more »
InFocus
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Finance Minister Zainab Ahmed has said that the 2020 budget may be revised if government revenues are significantly impacted by the coronavirus outbreak. An Italian citizen working ... Read more »
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Nigeria's Senate has approved the U.S.$22.7 billion external loan proposal it received from President Muhammadu Buhari. The funds will be used to expand the railways, build a new ... Read more »
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Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, has warned that Nigerians should buckle up and prepare for real tough times in at least the ... Read more »
