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Term Rate APR Payment
30 Yr Fxd 3.625% 3.905%
15 Yr Fxd 2.875% 3.289%
5 Yr ARM 2.99% 3.47%

Latest News

Nigeria seeks cheap loans from international agencies: finance minister

Nigeria's Finance Minister Adeosun speaks after the inauguration of the Efficiency Unit in AbujaOil producer Nigeria wants to tap financing at "concessionary rates" as low as 1.5 percent from international agencies to fund infrastructure projects before returning to the eurobond market, its finance minister said on Friday. Tumbling oil prices have hit Nigeria's finances hard, and yields on the most liquid 5-year bond are hovering above 12 percent, as are the benchmark 20-year bonds. Nigeria, Africa's biggest economy, has held exploratory talks with the World Bank and looked at borrowing from the African and China Exim Bank to help fund a projected budget deficit of 3.3 trillion naira in 2016.

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