debt
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Nigeria’s $14.3bn debt ranks 4th on W’ Bank’s IDA borrowers’ list
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after…
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FG inherited N14trn debt, over 2,600 road projects -Umahi, works minister
By Cross Udo, Abuja The Federal Government has said the President Bola Tinubu’s administration inherited about N14 trillion debt on…
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Nigeria’s Public debt hits N49 trillion
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars).…
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Debt burden: China gives Nigeria three conditions
Nigeria’s debt to China has increased by a staggering 209 percent under the administration of President Muhammadu Buhari, according to…
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Nigeria’s debt stock hits N46trn, as debt-to- GDP remains within limits
Nigeria’s total public debt stock as at Dec.31, 2022 stands at N46.25 trillion (103.11 billion dollars). This is according to…
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N2.5bn debt: Court adjourns ABU, 110 staff members’ suit for further report of settlement
The National Industrial Court on Monday adjourned until April 24 for further report of settlement between Ahmadu Bello University (ABU), Zaria, and…
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Nigeria to spend 60% of its revenue on debt servicing
Nigeria plans to bring down its debt service-to-revenue ratio to 60 per cent this year, Minister of finance, budget and…
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Debt reduction not near for Nigeria, other developing countries
By Francis Ajuonuma with agency report Nigeria and other heavily indebted developing countries have been warned that it could take…
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DMO lists N225bn FGN bond for subscription by auction
The Debt Management Office (DMO) has announced an offer of three Federal Government of Nigeria (FGN), bonds valued at N225bn,…
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Nigeria’s rising debt profile linked to weak revenue generation
Chairman of the Debt Management Roundtable (DMR), Taiwo Oyedele, has hinted that Nigeria’s unsustainable debt burden is fuelled by weak…
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