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April 17
Nigeria: Debt Crisis - Kaduna Assembly Begins Probe of El-Rufai
Kaduna State House of Assembly has set up a 13-man ad-hoc committee to investigate financial transactions, loans, grants and projects executed by the of Mallam Nasir el-Rufai… Read more »
February 17
Nigeria: Power Sector Privatisation - Discos Reeling Under N3trn Debt 10 Years After
The Nigeria electricity sector has grappled with a delusive perception of a brighter power industry following the 2013 privatisation exercise. Read more »
October 17, 2023
Nigeria: Tinubu Urged to Position Nigeria to Tackle Climate, Debt Crises
A group, Africa Network for Environment and Economic Justice (ANEEJ), has said that despite a report that Nigeria and 10 other Economic Community of West African States (ECOWAS)… Read more »
October 13, 2023
Nigeria: IMF Discusses Debt With Creditors As Nigeria Considers Restructuring
With the Nigerian government ruminating over the idea of debt restructuring, the International Monetary Fund (IMF) has said, it is in discussion with creditors on finding… Read more »
October 09, 2023
Nigeria: U.S.$114 Billion National Debt - Stakeholders Frown at Excessive Borrowing
Stakeholders have called for more discipline to curb excessive borrowing at all levels of government, especially in the face of the mounting national debt now in the excess of… Read more »
August 23, 2023
Nigeria: Manufacturers Query Effect of Rising Public Debt On Production
The Manufacturers Association of Nigeria (MAN) has stated that the rising domestic debt is highly crowding out private investment in the manufacturing sector by reducing credit… Read more »
July 27, 2023
Nigeria: Reps to Probe $4bn Debt Owed NDDC By Oil Companies
The House of Representatives has resolved to investigate the flagrant disobedience of International Oil Companies to the Delta Development Commission (NDDC) Act which culminated in… Read more »
June 23, 2023
Nigeria: Paris Summit - Tinubu, World Leaders Plan Onslaught Against Poverty, Debt
President Bola Ahmed Tinubu yesterday in Paris, France, joined world leaders in reaching a consensus to redesign the global financial architecture in a way that will favour poverty… Read more »
June 22, 2023
Nigeria: Tinubu Joins World Leaders in France to Tackle Poverty, Debt Burden
President Bola Ahmed Tinubu Thursday in Paris-France joined world leaders on the consensus for redesigning the global financial architecture, which will favour poverty reduction,… Read more »
June 07, 2023
Nigeria: Paris Club Refund - Again, Court Summons Emefiele Over $53m Debt
The Federal High Court, Abuja, on Tuesday, ordered Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), to appear before it on 19 July over a 53 million dollar-judgement… Read more »
April 20, 2023
Nigeria: Nigeria Has Not Defaulted in China Loan Repayment - DMO
The Debt Management Office (DMO) has denied the claim in a report by a national daily which alleged that federal government has defaulted in debt repayment to China for which the… Read more »
February 03, 2023
Nigeria: Nigeria Spent 41% of 2022 Revenue On Debt Service - Finance Minister
The federal government spent 41 per cent of the revenue generated in 2022 to service its N44.06 trillion debt, the Minister of Finance, Budget and National Planning, Zainab Ahmed… Read more »
January 29, 2023
Nigeria: Moodys Downgrades Nigeria Over Rising Debt
Over its expectation that government debt and revenue will continue to deteriorate, global rating firm, Moody's, has downgraded Nigeria's long-term foreign-currency and… Read more »
January 05, 2023
Nigeria: Alteration of 2023 Budget - Federal Govt At Crossroads, Says Debt Profile May Hit N72 Trillion
The federal government is worried about the nation's rising debt stock, which the director-general of Debt Management Office, Ms Patience Oniha, says would hit about N72 trillion… Read more »
January 04, 2023
Nigeria: Economists Flay Further Borrowing As President Buhari Signs U.S.$45 Billion Budget
With a daunting N67.7trillion debt profile facing the country, economists have flayed plans by the federal government to borrow a fresh N10.78 trillion to finance the deficit in… Read more »
December 05, 2022
Nigeria: Debt Crisis - Moderate New Borrowings, Shore Up Non-Oil Revenue, Dmo Charges Federal Govt
The director-general of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue… Read more »
October 19, 2022
Nigeria: Nigeria Not Planning to Restructure Debt - Finance Minister
The minister of finance, budget and national planning, Zainab Ahmed, has said Nigeria was not planning to restructure its debt, contradicting her earlier claim that the government… Read more »
September 30, 2022
Nigeria: Unpaid Debt - Telecoms Threaten Withdrawal of Services to Financial Institutions
Telecommunications operators are threatening to withdraw their services to banks and other financial institutions in Nigeria due to their unwillingness to pay their debts. Read more »
September 29, 2022
Nigeria: CBN Begins Monthly Deduction of Project Loans From States
The Central Bank of Nigeria (CBN) has begun the collection of project support loan facilities to some state governments for the execution of some projects under its intervention… Read more »
September 16, 2022
Nigeria: Azman Air License Suspended Over N1.2bn Ticket Sales Debt - NCAA
The Nigerian Civil Aviation Authority (NCAA) has suspended the Air Transport Licence (ATL) of Azman Air over its failure to remit N1. 2billion funds collected from air travelers on… Read more »
September 13, 2022
Nigeria: MRA Asks NBC to Disclose Payments of Licence Fees, Stations' Debt
Media Rights Agenda (MRA) has asked the National Broadcasting Commission (NBC) to disclose the status of payment of license fees by all broadcasting stations and platforms… Read more »
September 04, 2022
Nigeria: Debt-for-Climate Swap Deal Will Reduce Nigeria's Debt Burden, Says Osinbajo
If and when Nigeria's idea for a Debt-For-Climate Swap deal, tabled last week in the United States at different fora and events including at the White House by Vice President Yemi… Read more »
Nigeria: Osinbajo's Debt-for-Climate Novel Idea
In faraway Washington, DC over the weekend, Vice President Yemi Osinbajo propounded new ideas on how best to bring developing nations to contribute adequately to the course of… Read more »
September 03, 2022
Nigeria: Osinbajo Advocates Debt-for-Climate Swap Deal
In a call that can at once significantly advance the course of global net-zero emissions targets, facilitate energy access and the development of African countries, Vice President… Read more »
August 30, 2022
Nigeria: Govt Piles More Debts on Next President With U.S.$26 Million Borrowing for 2023
From every indication, the present administration of President Muhammadu Buhari would be leaving huge debts for its successor after it leaves office in 2023 with another N11… Read more »
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