The Nigerian government announced plans to borrow an additional N7.24 trillion in 2024 to finance an ambitious intervention plan aimed at reviving the nation’s economy. This...
The Federal Government has disclosed that it pays $1.12 billion to service foreign debts in the first quarter of 2024 alone. This amount shows the escalating...
In a significant development for Nigeria’s corporate landscape, several major companies have begun to settle their long-standing dollar debts following the Central Bank of Nigeria’s (CBN)...
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....