Tag Archives: Loan

Naomi Campbell Reportedly Sued For Millions By Billionaire Ex-Boyfriend Vladislav Doronin

According to TMZ, there might be trouble in paradise for Naomi Campbell as the supermodel has been sued by her Russian billionaire ex-lover, Vladislav Doronin over allegations that she owing him lots of money and holding on to his property. , Doronin who dated Campbell from the period of 2008 to  2013 alleged in his court documents that the British actress has…

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World Bank Grants $750m Loan For Improvement Of Nigeria’s Power Sector

The World Bank has International Development Association credit worth $750m for Nigeria’s Power Sector Recovery Operation to improve electricity supply, SaharaReporters reports. The international financial institution, in a statement on Tuesday,  said the loan was for the power sector recovery operation to achieve financial sustainability and enhance accountability in the sector. It explained that about…

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Buhari Seeks Another $5.513bn Foreign Loan For COVID-19, Other Projects

President Muhammadu Buhari has sent another letter to the House of Representatives which entails seeking approval of his decision to borrow another $5.513bn. The letter was read on the floor of the House by the Speaker, Femi Gbajabiamila, at the plenary on Thursday. Buhari said the funds were for 2020 budget deficit, financing of critical…

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Coronairus: CBN Introduces N50bn Loan Facility For Households And Small Businesses Affected

According to online reports, a N50bn Credit Facility has been unveiled by the Central Bank of Nigeria, specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19). CBN reportedly revealed that those eligible for the stimulus package must prove that they, their livelihood and business…

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Bayelsa Assembly Reportedly Grants N2.9 Billion Car Loan For Governor Douye Diri

The Bayelsa State House of Assembly has allegedly approved Governor Douye Diri‘s request of N2.9 billion loan to buy operational vehicles for him, the deputy governor and other top government functionaries. According to SunNews Nigeria, the loan was granted after the immediate past speaker, Monday Bubou-Obolo moved the motion. The loan which has a repayment tenure of 36…

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World Bank Approves $3 Billion Loan for Nigeria To Expand Power Grid

The World Bank has approved a $3 billion loan for Nigeria to expand its electricity transmission and distribution infrastructure. According to TheCable, the loan will be released in four tranches of $750 million each and could be expanded to $4 billion, citing Finance Minister, Zainab Ahmed. She made this known on Sunday while addressing journalists on the…

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FG To Sign €50m Loan Agreement With France For Upgrade Of Power Training Facilities

  The Federal Government would in May sign a 50 million Euros (about (N11.15 billion) loan agreement with French government for capacity-building and upgrade of power training facilities in Nigeria, a government official has said. Dr Reuben Okeke, Director-General, National Power Training Institute of Nigeria (NAPTIN) made this known at a graduation of trainees at…

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