No fewer than 13 state governments have projected an Internally Generated Revenue of N613bn for 2025. The states also planned to secure fresh loans totaling N380bn...
Debt servicing costs incurred by 29 state governments consumed 80.7 per cent of their Internally Generated Revenue during the first six months of 2024, highlighting the...
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure...
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...