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PDP sweeps Bayelsa LG poll

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The ruling Peoples Democratic Party in Bayelsa State has swept the local government election conducted by the State Independent Electoral Commission on Saturday.  The PDP won the chairmanship position in all eight local government areas and all the councillorship positions in the 105 wards, according to the results announced by …

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Nigeria gets Afreximbank’s $1bn loan in May

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Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to crude cargoes from the Nigerian National Petroleum Company Ltd. According to Bloomberg, Afreximbank’s …

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