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Posts tagged with "Export-Import Bank of China"

Nigeria's debt profile set to balloon to nearly $38bn as an additional $5.3bn is borrowed African News

Nigeria's debt profile set to balloon to nearly $38bn as an additional $5.3bn is borrowed

NIGERIA'S foreign loans are set to grow by $5.3bn this year after the country's Debt Management Office (DMO) revealed that fresh sums totalling that amount have been approved but not yet disbursed to the recipient departments.   As a result of the global economic collapse precipitated by the coronavirus pandemic, Nigeria has...
Nigeria faces severe cash crunch as China curtails its borrowing to developing nations African News

Nigeria faces severe cash crunch as China curtails its borrowing to developing nations

NIGERIA could be severely hit financially by the fact that China has drastically curtailed the overseas lending programme of its two largest policy banks after nearly a decade of ambitious growth which at its peak rivalled that of the World Bank.   Like most developing nations, Nigeria has benefited from Chinese loans over...
 

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