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Nigeria's cabinet OKs proposed $1.5 bln borrowing from World Bank -finance minister

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Nigeria's cabinet has approved a proposed borrowing of $1.5 billion from the World Bank, its finance minister said on Monday.

Olawale Edu, who is also coordinating minister for the economy, told reporters after a cabinet meeting that the World Bank had agreed to process the concessionary financing.

On Friday, the World Bank said it was in talks with Nigeria to provide $1.5 billion in financing, at the request of the government, to support key policy reforms.Half of Israeli hotel rooms are being used to house families evacuated from communities near the Gaza Strip, where an Oct. 7 rampage by Hamas gunmen triggered a cross-border war, the head of the Israel Hotel Association said on Monday.

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