nigerias debt
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Nigeria Nigeria's Fuel Dilemma Deepens as NNPCL Moves for $2bn Oil-Backed Loan
NNPCL seeks a $2 billion oil-backed loan amid Nigeria's fuel crisis. CEO Mele Kyari claims it's for normal business, not desperation. This follows a $3.3 billion loan in 2023. The move raises concerns as fuel shortages spread nationwide, impacting daily life. Dangote Refinery faces crude supply...- Nigeria News
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- nigeria fuel crisis nigerias debt nnpc nnpcl loan oil-backed financing
- Category: Business
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Nigeria Obasanjo Sounds Alarm: Massive Debt to Haunt Future African Generations
Former Nigerian President Olusegun Obasanjo has cautioned that the colossal debt burden of African countries will cast a long shadow on the next generation. During an engagement with the 2023 awardees of the Future Africa Leaders Foundation, Obasanjo expressed deep concern over the continent's...- Nigeria News
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- Category: Politics
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Nigeria Bola Tinubu Requests National Assembly's Consent for $7.9 Billion and €100 Million Loan
In a significant move, President Bola Tinubu has requested the National Assembly's approval to proceed with a substantial loan facility, seeking a total of $7,864,508,559 and €100 million. This request, originally initiated during the administration of former President Muhammadu Buhari under the...- Nigeria News
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- bola tinubu nigerias debt senator godswill akpabio
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Nigeria Government Salaries Under Threat - FG
The Federal Government of Nigeria has emphasized the crucial role non-state actors (NSAs) must play in national and economic development, acknowledging its own challenges, including a significant revenue deficit that has impacted its ability to pay salaries. Senator Abubakar Atiku Bagudu, the...- Nigeria News
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- abubabakar atiku bagudu channles tv news minister of budget and economic planning nigerias debt
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Nigeria FG Pursues $400 Million World Bank Loan for Cash Transfers to 15 Million Households
The Federal Government of Nigeria is seeking an additional $400 million loan from the World Bank for conditional cash transfers to 15 million households. This move is part of an effort to alleviate the impact of removing petrol subsidies, which has led to a significant rise in living costs for...- Nigeria News
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- bola ahmed tinubu nigerias debt vanguard news world bank loan
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Nigeria Nigeria in Talks With World Bank for $1.5 Billion Loan – What You Need to Know
As Nigeria approaches its 63rd Independence Anniversary, the Federal Government has entered into discussions with the World Bank regarding a potential $1.5 billion loan. The loan, known as 'Nigeria Human Capital for Opportunities and Empowerment' (HOPE), aims to strengthen systems for improved...- Nigeria News
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- bola ahmed tinubu nigerias debt world bank
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Nigeria Nigeria's Public Debt Surges: Each Citizen Now Owes N396,376 as Debt Per Capita Soars
Nigeria's public debt has reached new heights, with each citizen now carrying a substantial debt burden of approximately N396,376.19, according to recent data from the National Bureau of Statistics (NBS). The figures, released by the NBS, underscore the alarming rise in the country's public...- Nigeria News
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Metro Here’s how much Nigeria is owing other countries in 2023 - The Cable
https://www.thecable.ng/heres-how-much-nigeria-is-owing-other-countries-in-2023- Nigeria News
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Metro Nigeria’s debt hits N25.7trn - The Cable
Nigeria's Debt Management Office on Tuesday October 15, announced that the country's public debt now stands at N25.7trn. It was further learnt the public debt increased by N3.32trn in one year as at the end of June 2019. The nation’s public debt which stood at N22.38trn as of June 2018...- Nigeria News
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