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World Bank Refuses To Grant Nigeria's Loan Request

The World Bank and other international lenders are reportedly refusing to loan money to Nigeria.

FINANCIAL TIMES reports that IMF and World Bank are demanding some financial reforms in Nigeria before the country is granted a loan. These discussions have held up any agreement on a loan from the bank, said people briefed on the talks.

Also, the World Bank had said it would not be able to disburse any loans until 2017 at the earliest.

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