Term External Borrowing News Today

Key highlights:                 China Development Bank (CDB) announced as the new financier for the

The ex-financier, China Exim Bank, backed off the project making way for the China Development Bank to take over.

The Senate on Tuesday amended its decision on the financier of Kaduna-Kano railway project in the country, switching from the China Exim Bank to the China

The Senate said China Development Bank (CDB) has taken over the financing of the project following the withdrawal of the China Exim Bank.

 The Senate on Tuesday amended one of its decisions, Daily Post reports. The senate amended its decision on the financier of Kaduna-Kano railway project in the country,…

The Executive had requested extension of the lifespan of the Federal Government budget from December 31 to March 31, which the National Assembly approved in December 2022.

The Federal Government of Nigeria will be seeking another loan after its earlier request was rejected by China Bank, citing the country's inability to repay.

Nigeria's House of Representatives, on Tuesday, approved the Federal Government’s request to borrow $973,474,971.38 from China Development Bank.

Federal Government seeks $973.4 billion loan from China Development Bank after China-Exim Bank rejected loan of $22.8 billion. | Pulse Nigeria

The House of Representatives resolved to rescind its earlier resolution on the approved $22,798,446,773 under the 2016–2018 Medium Term External Borrowing plan