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...
The Federal Government of Nigeria has raised a fresh $4 billion through Eurobonds, according to the latest statement from the Debt Management Office (DMO). Nigeria had...
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14 billion to $14.25 billion between June 30, 2015, and March 31, 2021,...
The Federal Government will yet again borrow another $1.5 billion and €995 million external loans following the Senate approval on Tuesday. Senator Clifford Ordia, the Chairman...
Nigeria Has $5.83bn Undisbursed Foreign Loans – DMO Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management...
Nigeria Pays $500 Million Eurobonds Issued in 2011 Today The Federal Government has redeemed the $500 million Eurobonds issued to investors in 2011 today, Thursday 28,...
The Finance Minister, Budget and National Planning, Mrs. Zainab Ahmed, on Friday said the Federal Government has met all the conditions for a fresh loan of...
The World Bank has raised concern about Nigeria’s rising debt service cost, saying it could incapacitate the nation from necessary infrastructure development and growth. The multilateral...
Nigeria Plans to Borrow N6.17 Trillion in 2021 – Minister of Finance The Federal Government will borrow a total sum of N6.17 trillion in 2021 fiscal...