March 05
Nigeria: Cardoso Warns Nigeria On Debt Risks
Central Bank of Nigeria (CBN) governor, Olayemi Cardoso has warned Nigeria and other developing countries to be wary of debt risks saying if left unchecked, they will hinder… Read more »
February 12
Nigeria: Seek Help From International Creditors, Babalola Tells Tinubu
The Chancellor and Founder of Afe Babalola University, Ado Ekiti (ABUAD), Are Afe Babalola, SAN, has again called on President Bola Ahmed Tinubu to seek debt relief from… Read more »
October 23, 2023
Nigeria: Nigeria Wins $11bn Debt Case Against P&ID
The Federal Government has won its case against Process & Industrial Developments (P&ID) Limited, which sought enforcement of $11 billion debt in its favour. Read more »
August 16, 2023
Nigeria: Nigeria's Looming Debt Crisis, Climate Change - Painful Inheritance for Future
Nigeria, as a populous and resource-rich nation, has faced significant challenges managing its debt burden, amid rising poverty, meeting development gaps and the worsening pressure… Read more »
July 26, 2023
Nigeria: Nigeria Debt Service to Revenue to Peak At 121% in 2023 - ActionAid
The ActionAid Nigeria (AAN) has expressed concern that Nigeria debt service ratio will peak from current 101.5 percent in 2022 to 121percent of the revenue by 2023 ending. Read more »
April 11, 2023
Nigeria: World Bank to Advocate Debt Restructuring for Developing Countries
The World Bank will push to resolve the mounting debt problems of poor countries. Read more »
April 04, 2023
Nigeria: Atiku's Spokesman Sues APC, Adamu Over 'N120m Debt'
Daniel Bwala, the spokesman of the Peoples Democratic Party (PDP) Presidential Candidate in the last election, Atiku Abubakar, has sued the ruling All Progressives Congress (APC)… Read more »
September 20, 2022
Nigeria: Dammy Krane Calls Out Davido, Rich Friends Over Debt
Nigerian artiste Dammy Krane has called out music star, Davido over an alleged debt. Read more »
September 01, 2022
Nigeria: 2023 Borrowing Plan - Govt May Drive Nigeria's Debt to Highest Ever
In confirmation of the provisions of the Medium-Term Economic Framework (MTEF) recently passed by the National Assembly, the Minister of Finance, on Monday, August 29, 2022, reeled… Read more »
August 18, 2022
Nigeria: How Terminal Operators' Debt Rose to N490bn Debt in 13 Years
Fresh facts have emerged about the N490 billion reportedly being owed the Nigerian Ports Authority (NPA) by 18 terminal operators. Read more »
August 09, 2022
Nigeria: LCCI Asks FG to Borrow From Cheaper Sources, Consider Deficit Financing
The Lagos Chamber of Commerce and Industry (LCCI) has decried the rising debt stock incurred by the government, saying it is becoming increasingly problematic in the face of… Read more »
July 15, 2022
Nigeria: Controversy Rages Over Nigeria's Rising Debts, Appetite for Eurobonds
Nigeria's "appetite" for Eurobonds has stoked controversy between the manager of the nation's debts and the Monetary Policy Committee of the Central Bank of Nigeria (CBN). Read more »
May 23, 2022
Nigeria: Reps Summon NPA, Terminal Operators Over N512 Billion Debt
The House of Representatives Public Accounts Committee (PAC) has summoned the management of the Nigerian Ports Authority (NPA) and other terminal operators over $852.094 million… Read more »
May 02, 2022
Nigeria: Nigeria Likely to Keep Borrowing From Eurobond Market - Akpata
Egie Akpata is the Chairman of Skymark Partners Limited, a Lagos-based firm. He has extensive experience in financial markets; having worked at BMO Financial Group in Toronto,… Read more »
April 15, 2022
Nigeria: Higher Debts - Govt Blames Low Revenue, Diversifying Earnings
The Debt Management Office (DMO) has said the inability to generate more revenue is responsible for Nigeria's high Debt Service-to-Revenue Ratio just as the federal government is… Read more »
April 07, 2022
Nigeria: NGO Asks Court to Compel Reps to Reopen Probe of China Loans
A non-governmental organisation, the Incorporated Trustees of Citizens Right and Control Initiative has asked a Federal High Court in Abuja to compel the House of Representatives… Read more »