Breaking News | World Bank approves $1.5b loan to aid Nigeria's forex liquidity position
Views: Visits 22 The World Bank, yesterday, enhanced Nigeria’s foreign exchange liquidity position with the approval of the Covid-19 Budget Support credit promised during the Spring Meetings in America earlier in the year. The credit approval is believed would help address the current forex squeeze and shore up the local currency value, which has for sometime been under serious pressure due to poor foreign exchange earnings by Nigeria arising from failing crude oil receipts. The $1.5 billion loan approval was announced in a statement by World Bank on Tuesday is a five-y...