Tue Apr 12, 2016/Reuters By Felix Onuah Nigeria on Tuesday agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds in China. The West African nation is facing its […]
Tag: President Muhammadu Buhari
Nigeria says China offered $6 billion loan for infrastructure
Tue Apr 12, 2016/Reuters By Felix Onuah China has offered Nigeria a loan worth $6 billion to fund infrastructure projects, the Nigerian foreign minister said on Tuesday. The announcement came as both countries signed a currency swap deal to boost trade. Nigeria has been in talks with China on an […]
Nigeria’s president receives breakdown of long-awaited budget
Thu Apr 7, 2016/Reuters By Camillus Eboh Nigeria’s President Muhammadu Buhari has received details of the long-awaited 2016 budget bill which he wanted to check before signing into law, his assistant said on Thursday, as lawmakers blamed delays on “sloppy” work by government officials. Buhari withdrew his original budget bill […]
