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Posts tagged with "Eurobond"

Nigeria rejects temporary suspension of debt service payments offer because of harsh conditions African News

Nigeria rejects temporary suspension of debt service payments offer because of harsh conditions

WORLD Bank officials have revealed that Nigeria and some other countries refused to participate in a temporary suspension of debt service payments due to concerns about future access to finance and credit-rating downgrades.   Like many other developing nations, Nigeria has seen her debts balloon due to the coronavirus pandemic...
Senate approves Buhari's loan request for $5.68bn to help fund 2021 budget as government revenue dwindles African News

Senate approves Buhari's loan request for $5.68bn to help fund 2021 budget as government revenue dwindles

NIGERIA'S senate has approved President Muhammadu Buhari's N2.34trn ($5.68bn) loan request to help fund the 2021 budget in recognition of the fact that the coronavirus pandemic has made it impossible for the government to generate revenue itself.   Effectively a mono-economy, Nigeria is wholly dependent on the receipt of...
 

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