Tag: cabinet
Business Debt Economy

Approval Granted: Nigeria Secures $1 Billion AfDB Loan for Budget Support and Forex Supply

Finance Minister Olawale Edun announced the Federal Executive Council’s (FEC) approval of a $1 billion concessional loan from the African Development Bank (AfDB) aimed at bolstering the budget and enhancing foreign exchange reserves. Edun revealed the loan details, citing a 4.2% interest rate over 25 years with an eight-year moratorium, following a cabinet meeting in Read More…
Government Nigeria

President Bola Tinubu Implements Ministerial Changes and Portfolio Adjustments

President Bola Tinubu has introduced a series of ministerial changes and portfolio adjustments, accompanied by the announcement of a new minister-designate for Niger Delta Development. These revisions were communicated in a statement issued on Sunday by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, based in Abuja. In this latest Read More…