Nigeria seeks $3.5bn World Bank, AfDB loans to fund 2016 budget

*As drop in oil prices takes toll 01 February 2016, London — Nigeria has asked the World Bank and African Development Bank for $3.5 billion in emergency loans to fill a growing gap in the 2016 budget, FT reports. The budget, which is currently being considered by the national assembly, was predicated on $38 per […] More »