By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria has approached the African Development Bank (AFDB) for Budget Support Loan of $1 billion, the Africa lender said on Tuesday. “During the High-Level Mission conducted by the Bank to Nigeria last week to strengthen the policy dialogue on how best the Bank can provide […]
Tag: World Bank
Nigeria, Angola seek World Bank help as oil revenues slide
Tue Feb 2, 2016/Reuters By Alexis Akwagyiram and Herculano Coroado Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help cope with low crude prices, weakening currencies and strained public finances. Nigeria has held exploratory talks with the World Bank […]
Nigeria in ‘exploratory talks’ with World Bank, not asking for emergency loans: minister
Mon Feb 1, 2016/Reuters Nigeria has held exploratory talks with the World Bank to borrow in order to help fund a record budget in 2016 but has not applied for any emergency loans, Finance Minister Kemi Adeosun said on Sunday. Africa’s top oil producer is planning to borrow as much […]
