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September 25
Nigeria: Unga 79 - Tinubu Seeks Debt Forgiveness for Nigeria, Others
President Bola Tinubu has called for debt forgiveness for Nigeria and other developing countries from creditors and multilateral financial institutions. Read more »
September 01
Nigeria: Revealed - How $6 Billion NNPC Debt Is Causing Petrol Supply Hiccups
·Credit trading not peculiar to us -- Spokesman Read more »
July 09
Nigeria: Nigeria's Debt-to-GDP Within World Bank/IMF Ceiling - DMO
The Debt Management Office (DMO) said Nigeria's debt-to- Gross Domestic Product (GDP) ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for… Read more »
June 26
Nigeria: FCMB, TLG Open Series 1 Private Debt Fund for Investment
First City Monument Bank Asset Management Limited in collaboration with TLG Capital Investment Limited, United Kingdom (FCMB-TLG) has opened the first series of their Private Debt… Read more »
June 25
Nigeria: Church Accuses Ex-Member of Alleged Blackmail Over Vehicle Gift, False Debt
The leadership of Grace Nation Church, Lagos, has accused a former member, one Omolayo Ibukun Michael, of using the media to blackmail it over two vehicles he gifted the church… Read more »
June 21
Nigeria: Govt Seeks 18-Month Extension of $800m World Bank Palliative Scheme
The Federal Government has requested an 18-month extension on the closing date of the World Bank's $800m palliative loan to boost its social safety net programmes. Read more »
Nigeria: Nigeria's Public Debt Hits N121.7trn
Nigeria's Total Public Debt stood at N121. 67 trillion ($91. 46 billion) at the end of March this year. Read more »
June 12
Africa: AfDB Unveils Programme to Manage Debt Crises in Africa
The African Development Bank (AfDB) Group has inaugurated a series of training programmes to support 22 Transitional or fragile African states in managing their debt more… Read more »
June 05
Nigeria: Strengthening National Capacities for Debt Mgt Crucial for Govt's Funding - Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says strengthening national capacities for debt management is crucial for meeting the government's funding… Read more »
June 03
Nigeria: Gencos Cry Out Over N3.7trn Debt, Say Only 10% of Invoice Paid Monthly
Abuja-Power generation companies in Nigeria, GenCos, yesterday raise the alarm over the imminent collapse of their operations, following a huge debt of N2 trillion and an estimated… Read more »
June 02
Nigeria: Gencos Cry Out Over N3.7trn Debt in Nigeria's Electricity Sector
- Say only 10% of invoice paid monthly Read more »
January 10
Nigeria: Cadbury Nigeria to Sell 402m Shares Over Inability to Pay $7.7m Debt
Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Read more »
December 20, 2023
Nigeria: Nigeria's Debt Profile Hits N89.71trn - DMO
The Debt Management Office has said Nigeria's public debt profile has increased to N89.71 trillion at the end of the third quarter of 2023. Read more »
December 04, 2023
Nigeria: How Intel Waived $193m Debt to Resolve Stalemate Over Pilotage Contract - NPA
The Nigerian Ports Authority (NPA) has explained how INTELS Nigeria Limited waived $193 million as part of deliberate and conscious effort to resolve the stalemate on the pilotage… Read more »
November 02, 2023
Nigeria: Foreign Debt to Top $51bn As Tinubu Seeks Fresh $7.8bn, €100m Loans
Nigeria's foreign debt is expected to rise further to about $51 billion, following President Bola Tinubu's request to the Senate, seeking approval to borrow additional $7.8 billion… Read more »
November 01, 2023
Nigeria: World Bank Commits Over $11 Billion in Three Years in Nigeria - Country Director
The World Bank Country Director for Nigeria, Shubham Chaudhuri, on Wednesday, said the bank has committed over $11 billion in the past three years for government at both the… Read more »
October 07, 2023
Nigeria: Nigeria Can't Be Surviving on Debt at 63rd Independence Anniversary - Deputy Speaker
The Deputy Speaker of the House of Representatives, Benjamin Kalu, has expressed concern about Nigeria's reliance on debt at 63 years of Independence anniverary. Read more »
October 04, 2023
Nigeria: Nigeria's Rising External Debt Sustainable - Experts
Despite Nigeria's rising external debt burden, some financial experts have dispelled fears of possible default in repayment saying that the current N49trn external debt burden is… Read more »
September 15, 2023
Nigeria: Nigeria's Debt Rises By 75%, Hits N87trn in Three Months
The Debt Management Office (DMO) has disclosed that Nigeria's total public debt hit N87.38 trillion at the end of the second quarter of 2023. Read more »
August 21, 2023
Nigeria: Nigeria's Debt Profile Up 410% in 8 Years - MAN
The Manufacturers Association of Nigeria (MAN) has said that the manufacturing sector has been at the receiving end of Nigeria's debt crisis which has seen the nation's debt… Read more »
August 16, 2023
Nigeria: Harsh Economy - Buhari Spent 96% of National Income On Debt - Oshiomhole
Former National Chairman of the All Progressives Congress, APC, Senator Adams Oshiomhole, yesterday, revealed that President Bola Tinubu's administration inherited an economy in… Read more »
August 07, 2023
Nigeria: Indigenous Contractors Issue 7-Day Ultimatum to Works Ministry Over Debts
Aggrieved Nigerian contractors are spoiling for a showdown with the Federal Ministry of Works over what they said is the willful refusal of the ministry to approve payment for job… Read more »
May 29, 2023
Nigeria: Buhari Left High Debt, Rising Inflation, Low Growth Behind - BudgIt
A leading civic organisation, BudgIT has lamented that President Muhammadu Buhari's government of eight years had plunged Nigeria into high debt, increasing inflation and low… Read more »
May 21, 2023
Nigeria: The Buhari Legacy - Killings Without End, N77 Trillion Debt, 22% Inflation
It may be wrong to assume President Muhammadu Buhari's legacy would be a subject of controversy. Read more »
May 18, 2023
Nigeria: $800m Loan - 'Too Late to Incur Debt for Incoming Govt,' Moghalu Tells Buhari
...insists subsidy is a drain pipe of Nigeria's resources Read more »
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