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    • Fri 2 Jun 2017

    • Sector News

    Federal Government awaits approval of the National Assembly to borrow US$1.3bn

    The Federal Government is currently awaiting approval of the National Assembly to borrow up to US$1.3bn from international lenders to fund the newly licensed Development Bank of Nigeria. The loanwill be made up of US$500mn from the World Bank, US$450mn from the African Development Bank, US$200mn from German state bank and US$130mn from France's state development agency. This step is aimed at supporting small businesses with loans of varying lengths at lower interest rates.

  • More in Sector News
    • LEGISLATIVE UPDATE: OTHER ACTIVITIES OF NASS

      Sun 5 Apr 2020

    • LEGISLATIVE UPDATE: ELECTRIC POWER SECTOR REFORM ACT (AMENDMENT) BILL, 2020 BEFORE THE HOUSE OF REPRESENTATIVES

      Sun 5 Apr 2020

    • LEGISLATIVE REPORT: NIGERIA MARITIME ADMINISTRATION AND SAFETY AGENCY ACT (AMENDMENT) BILL, 2020 BEFORE THE HOUSE OF REPRESENTATIVES

      Sun 5 Apr 2020

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