Connect with us

News

Reps Approve Buhari’s $5.5 Billion Foreign loan Request

Published

on

The House of Representatives on Wednesday assented to the $5.513 billion foreign loan request by President Muhammadu Buhari.

The Senate approved the loan request last week.
This means all three loan requests by the president before the National Assembly have been passed by both Houses.
Last month, both Houses approved an ₦850 billion borrowing request made by the President, which is to be sourced from domestic markets “to fund critical capital projects in the 2020 budget.”
Another $22.7 billion foreign loan which was approved by the Senate in March was, last week, approved by the House of Representatives.

The newly assented $5.513 billion foreign loans are the latest of the string of loans eyed by the federal government.
Nigeria’s debt profile, as of September 30, 2019, was ₦26.2 trillion. Of this amount, total domestic debts is about ₦18 trillion, or 68.45 per cent. About ₦8 trillion are owed to foreign lenders.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Celebrities

BBNaija: No Regret Saying No To Frodd – Esther

Published

on

Former housemate in the Big Brother Naija, Pepper Dem edition, Esther Agunbiade, told Entertainment Jamboree that she did not regret saying no to Frodd when he asked her out.

According to Esther, she said, in as much as I am very happy for Frodd, I did not regret turning him down when he asked me out then. Frodd needed me so seriously when we were in the house, but I declined it. He thought it would be more easier for him after we left the house. After the show, I maintained my stance by telling him that I am not interested. I cherished how he hustle his way to be successful in life, because he is successful with happy family too. However, there’s no regret at all turning him down, because my man is also a successful business man.

Continue Reading

News

Nigerian Woman Laments As Caucasian Widowed Neighbor Plans To Marry Her Visiting Mother

Published

on

A Nigerian woman in the UK has raised concerns as her mother, who initially came to assist with her newborn, is now preparing to marry a widowed Caucasian neighbor.

The woman shared her story in a detailed statement online, expressing her dilemma over her mother’s intentions.

“My mother met my widowed neighbor. This man is very different from my father; he brings her flowers, organizes picnics, writes her love letters, and even joins us for church”.

He’s been teaching her to read, and his children are happy their father has someone special in his life again. My mother has stopped taking my father’s calls and says she’s no longer planning to return.”

“Now, I’m in a dilemma. The neighbor has hired an immigration lawyer, and he wants to marry my mother.”

  • Nigerian woman in UK seeks advice after her mother, visiting to help with newborn, falls in love with caucasian widowed neighbor and considers marriage.

Continue Reading

News

I Was Expelled From School Because Of Fela Kuti – Movie Director, Andy Boyo

Published

on

Renowned movie director and patron of the Directors Guild of Nigeria (DGN), Andy Boyo, has shared how he was expelled from school because of the legendary Fela Anikulapo Kuti.

Fela, a Nigerian artist and political advocate, passed away in Lagos, Nigeria, in 1997 at 58

Fela is seen as the main creator of Afrobeat, a Nigerian music style that mixes West African rhythms with American funk and jazz.

Boyo, however, is preparing to bring the iconic life of the Afrobeats legend to the silver screen in a much-awaited biographical film.

After three years of planning, Boyo has obtained the rights to the music and is ready to begin filming in Nigeria, the UK, and the US in 2025.

Rumours suggest the high-profile movie will have an extensive cast, including 27 actresses portraying Fela’s wives.

Boyo, recognized for his successful films such as “Untamed” and “Spirit of Assassins,” will also direct, write, and produce the biographical film.

Speaking on his love for Fela and the project he is working on.

Continue Reading

Trending