• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Senate okays FG’s N850 billion loan request

Abiola Odutola by Abiola Odutola
April 28, 2020
in Business News, Politics
Senate president warns about dangers of youth unemployment, National Assembly to ensure youth empowerment schemes are realized - Lawan

Senate President, Ahmed Lawan

Share on FacebookShare on TwitterShare on Linkedin

The Senate has given its consent to the President Muhammadu Buhari’s N850billion loan request after it was read at the plenary on Tuesday. The loan request is to finance projects in the 2020 budget.

The President had asked the Senate to approve N850 billion loan for the Federal Government to enable his regime to fund the 2020 budget.

Senate President, Ahmad Lawan, read the letter after a closed session with members when the red chamber resumes plenary on Tuesday. Buhari, according to the official communication, is seeking the approval of the senate to raise a fresh loan of N850bn from the domestic capital market.

RelatedStories

Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness

Senate passes two tax reform bills to modernize Nigeria’s fiscal framework, retains VAT at 7.5% 

May 7, 2025
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness

Nigerian Senate to address critical Tax Reform Bills after Easter holidays 

April 4, 2025

READ MORE: LSETF suspends loan repayment for SMEs, startups amidst lockdown

The President said the loan would enable his government to adequately finance projects in the 2020 budget.

President Buhari, in the letter, explained that the external borrowing would be made from the domestic capital market instead of the capital international market.

READ ALSO: Finance Act dwindling NIPOST revenue as Post Master General plead for review

He added that the Minister of Finance, Budget and National Planning, Zainab Ahmed, has been directed to provide further information that may be requested by the upper legislative chamber over the new external borrowing plan.

 


Follow us for Breaking News and Market Intelligence.
Tags: 2020 National BudgetAhmad LawanBusiness NewsFinance Minister Zainab AhmedN850billion lonPresident BuhariSenatesenate president
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

Related Posts

Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Economy

Senate passes two tax reform bills to modernize Nigeria’s fiscal framework, retains VAT at 7.5% 

May 7, 2025
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Economy

Nigerian Senate to address critical Tax Reform Bills after Easter holidays 

April 4, 2025
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Politics

Senate urges Ministry of Communications to review data cost increase in Nigeria 

March 27, 2025
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Politics

Senate approves Tinubu’s Emergency Rule in Rivers, establishes mediation committee to resolve political crisis 

March 20, 2025
SERAP sues Akpabio over ‘failure to reverse alleged unlawful suspension of Natasha Akpoti’
Breaking News

Court reverses order which nullified any ‘Senate’ action during Natasha’s suit against Akpabio 

March 19, 2025
Kano railway
Real Estate and Construction

Senate announces China Development Bank as new financier to complete Kaduna-Kano rail project

March 16, 2025
Next Post
COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low  , Forex, Naira drops further at the black market despite appreciating at I&E window 

Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • How to apply for the Federal Ministry of Education’s TVET program with N45,000 monthly stipend 
  • SEC warns Nigerians against unregistered trading platform CMTrading 
  • The digital dilemma of Nominal Identity: Why your name alone is not enough

Follow us on social media:

Recent News

FG announces N45,000 monthly stipend for technical college students nationwide 

How to apply for the Federal Ministry of Education’s TVET program with N45,000 monthly stipend 

June 21, 2025
SEC warns Nigerians against unregistered trading platform CMTrading 

SEC warns Nigerians against unregistered trading platform CMTrading 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics