Posts Tagged ‘Loan’

FG debunks rumors 40% of $22.7bn loan to be paid to consultants

by Ikokwu Ikembaon March 13, 2020
The presidency released a statement denying claims that it had the intentions of paying 40% of the $22.7 billion loan approved by the National Assembly, to consulting firms. They stated that these rumors are false. The Nigerian Government negotiates directly with the bilateral & multilateral lenders involved. There are no middlemen. The general public should […]

ANALYSIS: How Buhari’s $22.7bn loan will be spent

by Seun Adeuyion March 6, 2020
The senate has approved Muhammadu Buhari’s $22.7 billion loan request — years after it was rejected by the previous assembly. At its plenary session on Thursday, the upper legislative chamber approved the 2016-2018 external borrowing plan which the ruler said would be used for critical projects across the country. BreakingTimes understands Nigeria’s public debt profile stands […]

CBN: How to Apply For the AGSMEIS Loan 2020/2021 without Collateral

by Breaking Timeson January 7, 2020
Apply for N10 million CBN AGSMEIS 5% Loan Today. The Agric-Businesses/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria. CBN AGSMEIS Loan 2020 application is currently ongoing. With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the Agric, Small and medium […]

Buhari’s $30bn Loan Request – Stakeholders Caution Govt, NASS

by Ikokwu Ikembaon December 9, 2019
With Nigeria’s debt stock growing by 3.11 per cent from $81.27 billion recorded in the first quarter of 2019 to $83.88 billion (N25.70 trillion) at the end of June 2019, economists are almost unanimous in opposition to President Muhammadu Buhari’s request to the National Assembly last week for permission to obtain an external loan of […]

President Buhari’s Administration Increases Borrowing to Finance Government Spending

by Breaking Timeson September 20, 2019
The World Bank and Nigeria are in talks for as much as $2.5bn (R37bn) in a new tranche of concessionary lending to Africa’s most populous country, Vice President for Africa Hafez Ghanem said. In the past year Nigeria received $2.4bn from the World Bank, Ghanem said in an interview in Abuja, the West African nation’s […]

NYSC: CBN to offer loans to Corps members ~ Presidency

by Ikokwu Ikembaon June 23, 2019
The Presidency has announced plans by the Central Bank of Nigeria, CBN to offer loans to National Youth Service Corps (NYSC) members. Bashir Ahmad, media aide to President Muhammadu Buhari disclosed this on his official Twitter page. Ahmaad said Governor of CBN, Godwin Emefiele is presently making arrangement to start giving loans to corps members. […]