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December 07, 2022
Nigeria: Nigeria Spent $9.6bn to Service Foreign Debts in 12 Years - World Bank
The World Bank, yesterday, said that Nigeria spent $9.6 billion to service foreign debts in 12 years, from 2010 to 2021, adding that the nation's debt stock is not reflected in the… Read more »
November 03, 2022
Nigeria: Shell Ordered to Pay Amni's $4.6m Debt to Court
A Federal High Court, sitting Lagos, has ordered Shell Western Supply and Trading Limited to pay into the account of the court's Deputy Chief Registrar the sum of $4.6 million,… Read more »
October 20, 2022
Nigeria: Govt to Tackle Deficit, Debt With Assets Sales, Other Measures - Finance Minister
Against the backdrop of the rising fiscal deficit and debt burden, the Federal Government is taking steps to offer some of its assets for sale through equity investments while… Read more »
October 14, 2022
Nigeria: Nigeria Hasn't Requested Debt Restructuring - World Bank Boss
Nigeria has not requested debt restructuring from international financial institutions as allowed under the Common Framework for debt treatment beyond the Debt Service Suspension… Read more »
October 13, 2022
Nigeria: Govt Seeks Debt Repayment Extension - Finance Minister
... IMF supports quest for extension of debt repayment period Read more »
Nigeria: World Bank Says No Debt Restructuring Request From Nigeria
Nigeria has not requested for debt restructuring from international financial institutions as allowed under the Common Framework for debt treatment beyond the Debt Service… Read more »
October 12, 2022
Nigeria: Govt Exploring Debt Restructuring, Says Finance Minister
Minister of Finance, Zainab Ahmed said that the Federal Government, FG, has commenced discussions with the World Bank and the International Monetary Fund on debt restructuring for… Read more »
September 22, 2022
Nigeria: Buhari At UNGA, Seeks Debt Cancellation
... Pledges free, fair poll, bids farewell to UN Read more »
September 16, 2022
Nigeria: Debt Burden - Budget Office Recommends Suspension of Salary Increases, Petrol Subsidy
The Director General, Budget Office of the Federation, Ben Akabueze, has recommended the suspension of salary increases for government agencies, discontinuation of Premium Motor… Read more »
August 31, 2022
Nigeria: NCAA Threatens to Suspend 23 Domestic Airlines Over N46bn Debt Owed Agencies
The Nigerian Civil Aviation Authority, NCAA, has threatened to suspend no fewer than 23 domestic airlines over the N46 billion owed agencies in the sector. Read more »
July 25, 2022
Nigeria: No One 'Ll Give Nigeria Debt Relief, Moghalu Laments Country's Borrowings
Former deputy governor of the Central Bank of Nigeria, Professor Kingsley Moghalu has decried the Nigeria's current borrowing status, saying no financial organisation will grant… Read more »
May 06, 2022
Nigeria: Rising Debts - We Must Look Inwards - DMO Boss
Faced with rising debts, Africa must look inwards, the Director-General of the Debt Management Office, DMO, Ms. Patience Oniha, has advised. Read more »
April 27, 2022
Nigeria: $418 Judgment Debt - Court Okays Service of Contempt Charge Against 5 SANs
A Federal High Court, Abuja, on Wednesday ordered that a contempt charge motion against five Senior Advocates of Nigeria (SANs) involved in the 418 million dollars judgment debt… Read more »
April 22, 2022
Nigeria: Nigeria's Debt to Hit 44.7 Percent of GDP in 5 Years - IMF
The International Monetary Fund (IMF) has projected that Nigeria's total public debt will rise steadily to 44.2 per cent of Gross Domestic Product, GDP, by 2027. Read more »
April 19, 2022
Nigeria: Debt Crisis in Low-Income Countries to Worsen - World Bank
The World Bank yesterday said that the ongoing debt crisis in low-income countries will worsen this year. Read more »
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