Nigeria, having borrowed $11.7 billion (about N4.816 trillion) is the fifth-highest borrower from the World Bank Group and among the 10 highest debt risk exposure globally, a report said.
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Vice-President Yemi Osinbajo on Thursday clarified that what he approved for the Nigerian National Petroleum Corporation when President Muhammadu Buhari was away on medical vacation were financing loans and not contracts.
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The Senate on Tuesday rejected the request by President Muhammadu Buhari for approval to source $29.9 billion foreign loan from various sources.
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