Tag: Borrowing
FEC approves $2.2bn external borrowing plan
The Federal Executive Council (FEC) has approved $2.2 billion financing programme for external borrowing, including a potential Eurobond and Sukuk bond offer.
The Minister of...
IMF lowers borrowing costs by $1.2bn annually
The Executive Board of the International Monetary Fund (IMF) has approved to lower the Fund’s borrowing costs for members by 36 per cent or...
Tinubu: I’ll end Nigeria’s reliance on borrowing
President Bola Tinubu has expressed his commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden of...
Senate to reduce level of Nigeria’s borrowing – Lawan
The President of the Senate, Ahmad Lawan, has said that the upper chamber will work with revenue generating agencies towards reducing the level of...
