Tag: Loan
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Isaac Fayose Questions Chinese Rail Loan Repayments Amid Infrastructure Concerns
Social commentator Isaac Fayose has raised concerns over Nigeria's continued repayment of Chinese loans obtained during the administration of former President Muhammadu Buhari, questioning...
BREAKING: Tinubu Seeks $516m Loan for Ambitious Sokoto–Badagry Super Highway
President Bola Tinubu has asked the Senate to approve a fresh $516.3 million loan to fund a flagship infrastructure project linking Nigeria’s north and...
Nigeria Moves to Secure $2 Billion Chinese Loan for Nationwide Power Grid Expansion
Nigeria is in serious talks with China's Export-Import Bank for a $2 billion loan meant to build a new super grid transforming Nigeria's electricity...
Rising Loan Rates Threaten Nigerian Businesses as Borrowing Costs Surge
With banks charging rates of between 29 and 36 percent, Nigerian companies are becoming increasingly challenged as commercial loan rates continue to soar.
Companies...
S’East Devt Commission Denies Secretly Borrowing N25bn Without Approval
On Monday, the Southeast Development Commission (SEDC) issued a statement denying allegations that it secured a ₦25 billion ‘secret’ loan from a commercial bank...
