Tag: Loan
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Delta assembly approves Okowa’s request of N20bn loan
Delta assembly approves Okowa’s request to borrow N20 billion
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Gov Ortom gets greenlight to borrow N18.225bn
Gov Ortom gets greenlight to borrow N18.225bn
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BREAKING: Senate approves Buhari’s $16bn, €1bn foreign loan request
The Senate on Wednesday approved President Muhammadu Buhari’s External Borrowing (Rolling Plan) request in the sum of $16,230,077,718, and €1,020,000,000.
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Obasanjo, Jonathan, Yar’Adua responsible for Nigeria’s huge debt – Sen. Adeola
Senator Solomon Olamilekan Adeola, chairman of the Senate Committee on Finance on Wednesday blamed former Nigerian leaders for the country’s high debt profile. According to him, the debt accumulated between 1999 and 2015 which had Obasanjo, Yar’Adua and Jonathan as leaders. The lawmaker disclosed this on Wednesday during consideration of the 2022-2024 Medium Term Expenditure…
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AMCON takes over former governor’s mansion over ₦5 billion debt
The Asset Management Corporation of Nigeria (AMCON) on Wednesday said it took over the palatial mansion of Abdulfatah Ahmed, the former two-time governor of Kwara State, over an alleged staggering indebtedness of nearly ₦5 billion. AMCON said in a statement Wednesday that the action followed the order of Justice A.M. Liman of the Federal High…
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Rivers NASS caucus kicks against Buhari’s fresh loans, declares it unconstitutional, discriminatory
…insists Rivers was deliberately deleted from all projects …yet you don’t want Rivers state to collect VAT By Emman Ovuakporie The Rivers State National Assembly Caucus has declared that loans being requested by President Muhammadu Buhari are unconstitutional and discriminatory in approach and scope. TheNewsGuru.com, (TNG) recalls that the Federal Government had written to NASS…
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SERAP asks Lawan, Gbajabiamila to reject Buhari’s fresh request to borrow $4bn, €710m
Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Dr Ahmad Lawan, and Speaker of House of Representatives Mr Femi Gbajabiamila
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![[Breakdown] What Buhari wants to do with fresh $4.1bn loan – Presidency](https://thenewsguru.ng/wp-content/uploads/2021/04/President-Buhari-car.jpeg)
[Breakdown] What Buhari wants to do with fresh $4.1bn loan – Presidency
The Presidency, on Saturday, provided a breakdown of the proposed projects and the benefiting states and government agencies on which the over
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Dangote seeks loan deals to finance Lagos refinery project, cost rises $19bn
President of Dangote Group, Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project in Lekki, Lagos, Reuters has reported quoting close sources to the project. The 650,000 barrel-per-day refinery, once complete, will be the continent’s largest plant and redraw major trade flows of crude…
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BREAKING: Buhari writes Senate, seeks approval of fresh loan of $4bn, €710m
President Muhammadu Buhari has written the Senate, seeking for the approval of of fresh borrowing to the tune of $4,054,476,863 and €710 million in an addendum to the 2018-2020 borrowing plan. The letter was read during plenary today, Tuesday by the Presidentof the Senate, Senator Ahmad Lawan as Buhari is asking the National Assembly to…