Tag: cash-strapped states

Nigeria to meet repayment to bondholders for cash-strapped states

25/4/2016/Reuters The Nigerian government will allow cash-strapped states to defer deductions for loans in March so that they will have sufficient funds to pay salaries, the finance ministry said on Monday. The government will instead make loan repayments to bondholders on the states’ behalf, the ministry said. Deductions of 10.9 […]