Five states; Kogi, Kebbi, Jigawa, Bauchi and Kano states, have subsidised Hajj fares for 10,260 intending pilgrims for the 2024 exercise, with a combined sum of...
In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings by The...
The Debt Management Office of Nigeria has revealed that Nigeria’s public debt surged to N97.34trn ($108bn) as of the fourth quarter of 2023. DMO disclosed this...
Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract...
...How CBN loans to FG, new debts, promissory notes raise public debt by N37tn between April and June The Debt Management Office has said Nigeria’s total...
The Federal Government spent 85.37 per cent of its revenue servicing debt in February, according to The PUNCH. The Central Bank of Nigeria, in its monthly...
Former Kaduna senator Shehu Sani has asked President-elect Bola Tinubu, to probe the outgoing government led by President Muhammadu Buhari. Sani said this while expressing worries...
The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO,...
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023. This was an increase from the $13.93bn debt recorded by the Debt...
•Borrowing from CBN illegal, suspicious, say NECA, LCCI, economists •N22.7tn extra-budgetary spending to raise public debts to N69tn Prominent economists, Nigeria Employers’ Consultative Association and opposition...