World Bank Bemoans Poor Infrastructure, says ‘Nigeria is on Debt Servicing
According to the World Bank, Nigeria's major challenge is that it spends all of its revenues on debt servicing rather ...
Tag: Debt
Nigeria’s Public Debt Hits N46tr, Excludes N22tr Ways and Means
Nigeria’s total public debt stock is N46.25 trillion as of December 31, 2022, however, this excludes the N22 trillion indebtedness ...
Managing Nigeria’s Debt Profile
Article Written by: Emmanuel Otori The fact that Nigeria's debt profile keeps increasing without any corresponding economic growth is very concerning. In ...
Nigeria’s Public Debt Now N45.25tr, According to DMO
The debt stock, which stood at N32.92 trillion by December 2020, rose to N39.556 trillion by December 2021 and N41.6 ...
N6.7tr Subsidy: CBN Governor, FIRS Boss to Appear Before Lawmakers
His justification was not well received by the committee, however, as Mark Gbilah (NNPP Benue) claimed that N6.7 trillion had ...
Rising Debt: CBN says Borrowing is a Component of Fiscal Responsibility
"CBN is aware that the weight of debt will be felt when an economy is in trouble. To ensure price ...
N41.6tr Debt: Nigeria Must Stop Borrowing for Consumption, says Peter Obi
“It’s ironic that states that received fiscal bailouts did not repay the loans and are still borrowing beyond their revenue ...
Debt Crisis: What Exactly is the Nigerian Government Spending on?
Rita Joseph suggested that the government should slash the salaries of top public servants, saying that none of them should ...
“Our Current Financial Sector Portfolio in Nigeria is $1.3b,” says AfDB
Bank is supporting Nigeria’s Infrastructure Debt Fund through a $10 million facility that provides long-term local currency debt financing.
UAC Raises N18.7bn Through Commercial Paper
The commercial paper issuance comprised two tenors – a 90-day Series 1 issuance which is priced at 8.00% yield, and ...