Nigeria faces a looming debt crisis as recent approvals for fresh borrowings could propel the nation’s total debt to surpass N107.38 trillion. The approval initiated by...
In a strategic move to address the escalating debt crisis facing Africa, the African Development Bank Group (AfDB) and the Debt Management Office are forging a...
The Federal Government of Nigeria has exhibited a decreased appetite for foreign loans, marking a notable shift in the country’s debt dynamics. The latest data from...
President Bola Tinubu’s administration has formally requested the approval of the Nigerian Senate for a borrowing plan totaling $8.6 billion and €100 million. The request was...
A recent economic report indicates a shift in credit dynamics within the Nigerian economy. The projection anticipates a decrease in government borrowing while expecting private sector...
Nigeria’s debt to China has increased from $3.93 billion as of June 30, 2022, to $4.73 billion as of June 30, 2023, representing a $800 million...
The Nigerian government’s 2024 fiscal plan unveils a financial landscape where servicing its mounting debt burden overshadows the allocation of salaries and pensions for its workforce....
The Nigerian banking sector has witnessed an unprecedented 835% surge in borrowings from the Central Bank of Nigeria (CBN) in the span of just one month,...
Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in...
This unprecedented debt stock is expected to climb higher as the government implements significant reforms aimed at increasing its revenue base and fulfilling its promises