• FG to start international borrowing in Q3 – Kemi Adeosun

    FG to start international borrowing in Q3 – Kemi Adeosun

    The Federal Government will start borrowing abroad in the third quarter, the Minister of Finance, Mrs. Kemi Adeosun, has said.

    This is coming barely one week after the Central Bank of Nigeria floated the naira completely on the official interbank market.

    The Federal Government has said it is planning to borrow up to $10bn, with about half of that coming from foreign sources, to help make up a budget shortfall exacerbated by a slump in oil prices, Reuters reported.

    Adeosun met international investors […]