Speaker, House of Representatives, Hon. Femi Gbajabiamila has said African speakers are pleading for debt cancellation instead of relief. While hosting the Conference of Speakers and...
According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 4.1% or N1.5trn from N38trn at end-September ‘21 to N39.5trn at end-December 2021....
Lagos state has topped the chart of states with huge debt profiles, with a domestic debt standing at N658.95 billion as at the end of December...
Financial experts have raised concerns over Nigeria’s external and domestic debts which have, as at December 31, 2021, risen to N39.556 trillion ($95.779 billion), from N32.915...
Rising debt servicing cost poses a threat to Africa's largest economy, Nigeria. Nigeria spends over 30% of its budget on debt financing, hence why it struggles...
The Central Bank of Nigeria, CBN has urged Nigerians to avoid patronising illegal money lenders while drawing their attention to the great risk ahead of such...
The Debt Management Office (DMO) will, on January 16, 2022 issue N70 billion to N80 billion, four years and 20 years Federal Government of Nigeria (FGN)...
Amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality, the global economy is entering a pronounced slowdown that could endanger...
The World Bank has said the Central Bank of Nigeria’s large and growing financing has made Nigeria’s rising debt costly and vulnerable. The Washington-based global financial...
No end in sight for Nigeria’s rising debt profile despite the country’s vast natural resources and human capital. A recent report from the country’s Debt Management...