Nigeria eyes fresh loans from development partners

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The Nigerian government plans additional borrowings from development partners like the World Bank and the Africa Development Bank over the next one year. Meanwhile, Aiteo says it has shut down all oil production at one of its facilities with nearly 50,000 barrels per day of output in Nigeria’s Niger Delta after detecting a leak. Paul Alaje, a Senior Economist at SPM Professionals, joins CNBC Africa to discuss the impact on the country’s revenue.

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