FG Confirms $1.5bn UAE Loan Drawdown, Says Staggered Borrowing Will Cut Debt Costs
Federal Government says phased drawdowns from a $5 billion UAE facility will reduce borrowing costs while funding infrastructure and budgets. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has confirmed that Nigeria has drawn the first $1.5 billion under its $5 billion financing arrangement with First...
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