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Nigeria in $600 Million Islamic Bank Loan Talks, ThisDay Says

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Feb. 10 (Bloomberg) -- Nigeria is in advanced talks to secure a $600 million loan for infrastructure work from the Islamic Development Bank, ThisDay reported, citing Minister of State for Finance Yerima Ngama.

The no-interest loan would be repaid in three to four years, the Lagos-based newspaper reported Ngama saying.

To contact the reporter on this story: Chris Kay in Abuja at ckay5@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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