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Tuesday, 2 February 2016

Nigeria Seeking $11bn World Bank Loan

Nigeria is holding talks with the World Bank to help it fund a forecast $11bn (£7.7bn) budget deficit.

However, Finance Minister Kemi Adeosun told Reuters it was not applying for "emergency loans".

Nigeria is believed to be looking for around $3.5bn from the World Bank and the African Development Bank.

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