China, the world's second-largest economy and the largest government lender to growing economies announced plans to cancel 23 interest-free loans for 17 African countries.
The Central Bank of Nigeria has increased interest rates intervention loans to 9% per annum to ease the nation's record high inflation rate.
Nigeria's debt servicing was estimated to hit N10.43 trillion by 2025
Nigeria's total external debt has increased by N560.048 billion in the last eight months, according to the analysis done by Investors King.
The process of negotiating with a creditor to reduce the amount you owe in exchange for a one time payment in full of an agreed upon...
Nigeria's foreign reserves increased by $250 million in the last seven days to $39.138 billion despite the country redeeming a $300 million diaspora bond.
The Debt Management Office (DMO) has said the Federal Government of Nigeria redeemed a US$300 million diaspora bond on June 27, 2022. According to a statement...
According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 5.2% quarter on quarter (q/q) or N2 trillion from N39.5 trillion at end-December...
The World Bank Group has said COVID-19, the ongoing Ukraine war and rising global interest rates have pushed public debt in Nigeria and other low and...
Nigeria’s rising borrowing amid low revenue generation continues to drag on the nation’s resources and development as shown by the latest report from the Debt Management...