Loan
Treasury vetoes r$ 20 billion loan to correios due to high interest rates
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The National Treasury refused to provide a guarantee for a r$ 20 billion loan negotiated by Correios with a bank consortium, deeming the interest rate excessive. The decision was communicated to the state-owned company's president, Emmanoel Rondon, on Tuesday, December 2, 2025. The company now seeks new negotiations to adjust the terms.
The Nigerian House of Representatives has received President Bola Ahmed Tinubu's request for N1.15 trillion in domestic borrowing to cover a deficit in the 2025 budget. Lawmakers referred the proposal to a committee for review amid demands for the release of funds for stalled capital projects from 2024 and 2025 budgets. Tensions rose during closed-door sessions as contractors protested unpaid work.