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Standard Chartered To Replace China Loans For Rail Projects In Nigeria

Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion, replacing earlier plans to source the loans from Chinese banks, Transport Minister Rotimi Amaechi said. President Muhammadu Buhari’s administration and the London-based lender are discussing financing …

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Endless Borrowing: Experts Worry, Okonjo-Iweala, Ahmed Differ On Nigeria’s Debts

The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Director General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Wednesday, differed on the nation’s debt-to-Gross Domestic Product ratio. Experts who spoke to our correspondents also expressed worry over the nation’s rising debt profile. While Ahmed put …

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