Tag: Loans
Borrowing for recurrent expenditure foolish, Obasanjo tells Buhari
Former Nigerian President, Olusegun Obasanjo, has stated that borrowing for recurrent expenditure is the height of foolishness.
Obasanjo was reacting to the move by the...
Servicing of debts depletes FG revenue by 72% – Reports
Reports have shown that the Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the...
Senate okays Buhari’s request for $8.325m, €490m loans
A request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 under the 2018-2020 External Borrowing (Rolling) Plan by President Muhammadu Buhari...
CBN distributes over N300 billion to firms, farmers
Over N300 billion has been distributed by the Central Bank of Nigeria to firms and farmers in the Southern part of the nation as...
Pharmaceutical companies receive N83.9b CBN loans
The sum of N83.9 billion naira in loans have been disbursed to 26 pharmaceutical companies and 56 heathcare practitioners in the country by the...