President Muhammadu Buhari-led federal government's efforts to secure funds from international lenders to help haul it out of recession have stalled.
'This is because it has not submitted the required economic reform plans', according to one of the banks and sources close to the matter.
The...
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Not fewer than seventeen states of the federation are to benefit from the 2016/2018 Medium Term Development Plan of the Federal Government which is expected to be financed from the $29.9 billion loan being sought by President Muhammadu Buhari.
The states, according to a document sighted by The...
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Nigerian Senate on Tuesday rejected $29.9 billion external borrowing plan by President Muhammadu Buhari for 2016 - 2018 Rolling Plan.
Ali Ndume, senate leader, after the plenary on Tuesday said he ought to have marketed the loan request of President Muhammadu Buhari.
The senate turned down the...
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