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

by Onyinye Nwachukwu, ABUJA, LOLADE AKINMURELE, MICHAEL ANI, Endurance Okafor, Oladipo Oladehinde, Lagos  

November 15, 2017 | 2:30 am
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Senate

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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by Onyinye Nwachukwu, ABUJA, LOLADE AKINMURELE, MICHAEL ANI, Endurance Okafor, Oladipo Oladehinde, Lagos  

November 15, 2017 | 2:30 am
  |     |     |   Start Conversation

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