The Nigerian economy has been hit hard by the collapse in oil prices and the World Bank says it's been asked for $2.5bn, with a further $1bn reportedly sought from the African Development Bank.
"We have held exploratory talks with the World Bank. We have not applied for emergency loans," Finance Minister Kemi Adeosun told Reuters news agency.
The new government of President Muhammadu Buhari had been planning to run a budget deficit to try to stimulate the country's economy, but the gap between revenue and expenditure has been growing and it's now being forced to seek help, correspondents say.
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