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May 01, 2023
Nigeria: DMO Defends $13bn Indebtedness to World Bank
The Debt Management Office, DMO, has saidthat Nigeria's $13.46 billion World Bank loan is a plus because the loans which came from the international Development Association (IDA)… Read more »
April 22, 2023
Nigeria: Huge Debts, Vandalism Behind Poor Electricity Supply in Aba - Geometric Power
The management of APL Electric Company Limited, Aba, a subsidiary of Geometric Power Company, has attributed the poor power supply in Aba, Abia State, to the huge debts owed by its… Read more »
April 18, 2023
Nigeria: Subsidy Removal Is Best Economic Decision to Reduce Nigeria's Debt - LCCI
The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government's planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria's… Read more »
April 17, 2023
Nigeria: How World Bank Creates Debt Burden in Nigeria
"$800 million at best is equivalent to about N360 billion and when you divide this by the targeted 10 million households, that amounts to approximately N36,000. What significant or… Read more »
April 12, 2023
Nigeria: IMF Explains Debt Crises in Nigeria, Other Low-Income Countries, Makes Recommendations
Amidst rising public debts and debt servicing burdens amongst low-income countries, including Nigeria, the International Monetary Fund, and IMF, has given general clues on what is… Read more »
April 13, 2023
Nigeria: IMF, World Bank Discuss Debt Sustainability, Restructuring Challenges
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. Read more »
April 12, 2023
Nigeria: Why Debt Burden Will Worsen for Nigeria, Other Low Income Countries - IMF
The global economic slowdown projected by the International Monetary Fund, IMF, in the short to medium term is expected to mount pressures on developing and low income countries… Read more »
April 06, 2023
Nigeria: Why Govt's Debt Is Rising As LCCI, Others List Ways Out - DMO
The Debt Management Office, DMO, yesterday attributed Nigeria's growing debt stock to budget deficits, continuous issuance of promissory notes and other borrowings as well as low… Read more »
March 09, 2023
Nigeria: Govt Asks UK Court to Overturn $11bn P&ID Debt
Nigeria has asked a London High Court to deliver judgement in its favour in a case against Process and Industrial Developments Company, P&ID. Read more »
December 29, 2022
Nigeria: 2023 - Govt Budgets N6.55trn for Debt Servicing, to Fund N10trn Deficit By Borrowing
Federal Government has earmarked N6.55 trillion for debt servicing in 2023 according to the Appropriation Bill passed by the National Assembly on Wednesday. Read more »
Nigeria: Nigerians Owe Bishop Kukah a Debt of Gratitude - Buhari
As you read this, it will be exactly three days to the end of the year and 152 days to the end of Muhammadu Buhari's second and final term in office as president. And Nigerians are… Read more »
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 »
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