No Result
View All Result
Monday, August 8, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Yara’s Grow Ghana initiative to help empower farmers and boost yields

    Invest for Jobs and partners of N4G Project graduates 654 girls trained in fashion skills

    S&P downgrade: Gov’t urged to quicken pace of fiscal consolidation

    Ghana EXIM bank CEO hosts national AfCFTA coordinator

    S&P revises Ghana’s rating to ‘CCC+/C’, outlook negative

    LPG Marketers Association promise availability of product after strike

    GIPC and GSE sign MoU to attract more investment into Ghana

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

    We remain committed to getting LPG retailers to resume operations – NPA

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Yara’s Grow Ghana initiative to help empower farmers and boost yields

    Invest for Jobs and partners of N4G Project graduates 654 girls trained in fashion skills

    S&P downgrade: Gov’t urged to quicken pace of fiscal consolidation

    Ghana EXIM bank CEO hosts national AfCFTA coordinator

    S&P revises Ghana’s rating to ‘CCC+/C’, outlook negative

    LPG Marketers Association promise availability of product after strike

    GIPC and GSE sign MoU to attract more investment into Ghana

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

    We remain committed to getting LPG retailers to resume operations – NPA

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Nigeria in ‘exploratory talks’ with World Bank, not asking for emergency loans: Minister

bycitibusinessnews
February 3, 2016
in Africa
World Bank logo

World Bank logo

Share on FacebookShare on TwitterShare on Whatsapp

Nigeria has held exploratory talks with the World Bank to borrow in order to help fund a record budget in 2016 but has not applied for any emergency loans, Finance Minister Kemi Adeosun said on Sunday.

Africa’s top oil producer is planning to borrow as much as $5 billion to help fund a budget deficit due to a slump in vital oil revenues, of which $4 billion might come from international institutions and the rest from Eurobonds, Adeosun had said earlier this month.

“We have held exploratory talks with the World Bank. We have not applied for emergency loans,” she told Reuters late on Sunday.

ADVERTISEMENT

Borrowing from international institutions such as the World Bank would be a cost-effective way to raise money to fund the increased capital expenditure in the 2016 budget, she said.

The Financial Times had earlier reported on its website that the West African nation had asked the World Bank and the African Development Bank for $3.5 billion in emergency loans.

In a written statement, Adeosun’s ministry also said Africa’s biggest economy was looking at “options” to borrow from the African Development Bank and export credit agencies such as China Exim Bank “due to their concessionary rates of interest”.

Nigeria expects a budget deficit of 3 trillion naira in 2016, up from 2.2 trillion naira previously estimated, as a slump in oil revenues has eroded public finances and hit its currency.

Source: CNBC Africa

Related Posts

Agribusiness

Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

bycitibusinessnews

The Managing Director of Agricultural Development Bank Plc, Dr. John Kofi Mensah has disclosed that the African Continental Free Trade...

Read more

Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

Africa’s internet economy to cross $180 billion by 2025: Report

Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

Ticket prices to rise following B.A schedule change on Accra-London-Accra route

Bawumia calls for more AfDB support as African economies battle global challenges

Next Post

SA's private sector activity still negative - PMI

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.