NIGERIA — The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics... punchng.com
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Tue Apr 08 2025 01:30:36 GMT+0000 (Coordinated Universal Time)
• Federal Government has ordered the resale of electricity Distribution Companies (DisCos)
• Senior Aviation Workers have threatened to ground aviation operations in Nigeria over 50 per cent revenue deduction
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
• Lagos Court has authorised GTBank to take over Afex Commodities Exchange over N17,808,452,467.107 loan
• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity
• The World Bank has granted a fresh $700 million loan for empowerment programs in Nigeria
Federal Government has deducted over N415bn from state government allocations to service external loans, according to reports
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Published (Updated) on Tuesday, March 26, 2024
• Federal Government has ordered the resale of electricity Distribution Companies (DisCos)
• Senior Aviation Workers have threatened to ground aviation operations in Nigeria over 50 per cent revenue deduction
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
• Lagos Court has authorised GTBank to take over Afex Commodities Exchange over N17,808,452,467.107 loan
• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity
• The World Bank has granted a fresh $700 million loan for empowerment programs in Nigeria
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