Buhari Seeks To Borrow $4bn For Funding Infrastructure
President Muhammadu Buhari has sent a letter to the Senate requesting to borrow over $4 billion from external lenders to ...
Tag: Debt
CBN Records N379bn Debt In Anchor Borrowers Programme
The Central bank of Nigeria recorded a shortfall of N378.5bn in loan repayment by beneficiaries under the Anchor Borrower’s programme ...
World Bank Ranks Nigeria Among Top Ten With Highest Debt Risk Exposure
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. ...
Nigeria’s Debt Profile Soars as Senate Okays New $8.32bn External Loan
The Senate, yesterday, approved President Muhammadu Buhari’s request for ongoing external loans to the tune of $8,325,526,537 and €490,000,000 (Euros) ...
Aviation Minister, Sirika, Accuse Airlines of Owing Govt N37bn
Minister of Aviation, Hadi Sirika, has disclosed that over N37 billion are owed aviation parastatals by airlines and other aviation ...
FG Says It Spent N1.8trn on Debt Servicing in 5 Months
... Laments High Petrol Subsidy Costs The Federal Government says it released N973.13bn for the implementation of capital projects contained ...
Nigeria Spent N1trn in Debt Servicing in 2021 Q1
Nigeria spent almost N1tn on debt servicing payments in the first quarter of this year, the latest data obtained from ...
FG Blames Nigeria’s Rising Debt Profile on Covid-19
The Debt Management Office (DMO) has attributed Nigeria's rising debt profile to the impact of revenue crash and the crises ...
Nigeria’s Debt Hits N32.9trn, DMO Says
Nigeria’s total public debt as at December 31, 2020 was N32.915 trillion, the Debt Management Office (DMO), has said. The ...
Nigeria’s Debt Servicing Costs Lethal To Economy, SEC Says
Nigeria's rising debt servicing costs would harm the country's economy, the Securities and Exchange Commission declared on Thursday. However, this ...
