Tags Loan

Tag: Loan

COVID-19: AfDB to extend $288.5m loan facility to Nigeria

The Board of Directors of the African Development Bank (AfDB) has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses.

Nigeria’s debt profile to hit N30trn if FG secures new loans

If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact of COVID-19 on the economy, the country’s debt stock may hit N30 trillion before the end of 2020.
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