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Showing posts with the label ECONOMY

Bailout: Govs Groan, Reject N252m Monthly Deductions

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•Say reduction to N162 million still burdensome Omololu Ogunmade Governors of the 36 states of the federation yesterday in Abuja rejected federal government’s deduction of N252 million monthly repayment of the total N164 billion budget support facility it gave to state governments in the first term of this administration.

BREAKING: World Bank approves $3bn power loan for Nigeria

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Oluseyi Awojulugbe The World Bank has agreed to give Nigeria a $3 billion loan for the expansion of the transmission and distribution facilities of the power sector.