Debt Servicing: Nigeria spends 86% of its Revenue, South Africa pays 20%
…Analysts say Nigeria’s debt too expensive Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but ...
Tag: Debt
Nigeria’s Debts May Hit N45tn in Q4, LCCI Forecasts
The Lagos Chamber of Commerce and Industry (LCCI) has forecasted that Nigeria’s total debt stock may hit N45.86 trillion by ...
FG Creates Debt Recovery Application To Track Credit Profile
The federal government, through the Ministry of Finance, Budget and National Planning, has launched a new technology-based application named: “Project ...
Nigeria’s Debt Stock Rises By N6.641trn In 1 Year, Now N39.556trn
The state of the nation's national economy continue to worry stakeholders as Nigeria's total debt, that is, federal government, the 36 ...
Pursue Debt Moratorium To Reduce Debt Profile – Experts Tell FG
Economic experts have urged the Federal Government to seek a debt moratorium and reduce the cost of governance to reduce ...
FG To Spend 2022 Revenue On Debt Servicing
August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt servicing this year. ...
Lagos Ranks As Highest Domestic Debtor
The domestic debt owed by state governments and the Federal Capital Territory Administration rose to N4.2tn at the end of ...
NCAA Moves To Decommission 7,012 Glo Masts Over N5.9bn Debt
The Nigeria Civil Aviation Authority (NCAA) has again threatened to decommission telecommunication masts belonging to operators that are indebted to ...
FG To Auction N150bn Bonds This Month
The Debt Management Office said on Tuesday that the Federal Government will offer N150bn bonds for subscription in October. A ...
Debt Profile: SERAP Pressures NASS To Reject Buhari’s $4bn Loan Request
Socio-economic Rights and Accountability Project (SERAP), has urged Senate President Ahmad Lawan and Speaker of the House of Representatives, Femi ...
