Nigeria’s international debt jumps to $31.98bn
The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is contained in the September 30, 2020, debt…
W’Bank approves $315m for digital transformation in Ghana
Executive Directors of the World Bank has approved a $315 million financing for Ghana to drive job creation, skills development and digital transformation in the country. In a statement copied to Business Hilights Ghana Bureau Chief in Accra, the facility…
Deep pocket decisions on Nigerian economy last week ending June 30, 2018
The week in review kicked off penultimate Monday with the Federal Government, through the Debt Management Office (DMO), announcing it intends to raise up to USD2.8 billion (N899bn) in Eurobonds, as part of its plan to finance the 2018 budget,…
W’Bank rescues Nigeria’s power transmission system with $486m
There are strong indications that the embarrassing story of inability to move generated powers from dams and power plants may soon be a thing of the past as the World Bank has approved an International Development Association (IDA) credit of…
