The Federal Government has explained that it expended the sum of N612.56bn gotten through Sovereign Sukuk between 2017 and 2021 on construction and rehabilitation of 77...
President Muhammadu Buhari has obtained the approval of the House of Representatives, to access a fresh N1 trillion loan from the Ways and Means Advances (WMAs)...
Nigeria’s public debt burden will hit N77tn if the National Assembly approves the request by the President Muhammadu Buhari to restructure the Ways and Means Advances.
The supplementary budget is expected to be financed through domestic borrowing
Nigeria’s total public debt rose by 2.9% q/q or N1.3trn to N44.1trn at end-September ’22 from N42.8trn at endJune ’22.
Zainab Ahmed raised the alarm during a two-day sensitization workshop on Project Lighthouse organised for ICT and account staff in federal ministries.
Nigeria spent $9.6 billion on debt servicing in 12 years
LCCI lamented that additional borrowings will further increase Nigeria’s debt-servicing bill
The DMO disclosed that global investors and lenders are shunning Nigeria having been labeled with an economic rating of Category "B".
The Federal Government has yet again hinted that it will borrow billions of dollars from both Europe and Asia to complete the ongoing rail projects across...