Tag Archives: as Senate okays fresh $16bn loans

November, 2021

• 11 November

  Nigeria’s debt hits N42.7tn, as Senate okays fresh $16bn loans

  

  Nigeria’s debt stock of N35.5tn will rise to N42.7tn following the Senate’s approval of the Federal Government’s request for $16bn and €1.02bn fresh loans. The $16.2bn loan is equivalent to N6.7tn using the Importers and Exporters’ Window exchange rate of N411.24/$1, while the €1.02bn is equal to N485.5bn using the Central Bank of Nigeria’s exchange rate f N476/ €1. These ...

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