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...
Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn...
Federal Government’s borrowing from China has grown by 209.15 per cent under President Muhammadu Buhari administration. This is as total bilateral loans rose by 219.91 per...
The nation’s public debt stood at N46. 25 trillion, as at the end of December 2022. According to the Debt Management Office (DMO), which released the...
The Lagos Chamber of Industry as well as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture have expressed dismay at the recent revelation...
The Debt Management Office (DMO) has said that the alarm created around the country’s projected public debt was unnecessary. The Director-General, Mrs Patience Oniha, said this...