Naira yields seen falling as Senate approves $5.5bn external loan

Naira yields seen falling as Senate approves $5.5bn external loan

The Nigerian Senate on Tuesday gave a nod to President Muhammadu Buhari’s request to tap some $5.5 billion from foreign investors to plug a widening hole in the country’s finances. The approved external loan, first requested by Buhari in October, would include $2.5 billion in Eurobonds to plug part of the 2017 budget deficit and $3 billion…

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