Naira hits record low as FG requests $1.5 billion from World Bank loan

  • The Nigerian government is discussing with the World Bank to get a $1.5 billion loan
  • The fund is expected to be used as budgetary support to improve the supply of foreign exchange
  • The finance minister said the unavailability of dollars in the official market led people to seek from the unofficial market

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The federal government has entered into discussion with the World Bank to secure a $1.5 billion loan.