By Aluta News Jan. 17, 2023 Benue House of Assembly on Tuesday approved requests by Gov. Samuel Ortom to access two loans totalling N2.2 billion to pay the state’s counterpart funding on two schemes. The first loan of N1.2 billion is expected from the United Bank for Africa PLC toContinue Reading
By Aluta News Oct. 21, 2022 The Debt Management Office (DMO), says it will add the Central Bank of Nigeria (CBN)’s N20 trillion “Ways and Means’’ loans to the Federal Government’s total debt stock. The Director-General of the DMO, Patience Oniha, however told the News Agency of Nigeria (NAN) thatContinue Reading
By Aluta News Jan. 29, 2022 The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy and Regulation Department ofContinue Reading
By Aluta News Dec. 18, 2021 The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars, constitutes only 9.4 per cent of the country’s total foreign debt stock of 37.9 billion dollars. Ms Patience Oniha, the Director-General of DMO made this knownContinue Reading
By Aluta News July 15, 2021 The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 (Euros) under the 2018-2020 External Borrowing (Rolling) Plan. The approval followed the consideration of a report on the 2018-2020 External Borrowing (Rolling) Plan byContinue Reading
