Nigerian senators have rejected a motion about whether they should consider a request from President Muhammadu Buhari to approve a $30bn (£25bn) loan.
Last week, the president said he wanted the money for investment, especially in infrastructure.
The requested loan amounts to more than the federal government’s entire budget for 2016.
The BBC’s Abuja editor Naziru Mikailu says that this should not be seen as a rejection of the loan request as discussions had not even reached that point.
This was about whether that request should be considered and it appears that the senators may have rejected it on a technicality, Naziru says.
The president can still resubmit his loan plan.