Business World Bank Turns Down Nigeria's Loan Request

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abujagirl

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The World Bank and other international lenders are reportedly refusing to loan money to Nigeria.

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FINANCIAL TIMES reports that IMF and World Bank are demanding some financial reforms in Nigeria before the country is granted a loan. These discussions have held up any agreement on a loan from the bank, said people briefed on the talks.

Also, the World Bank had said it would not be able to disburse any loans until 2017 at the earliest.
 
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