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September 23, 2022
Nigeria: As Buhari Administration Borrows More Money, It Seeks Debt Cancellation
Nigeria's public debt has risen the most under the Buhari administration when compared to previous governments since 1999. Read more »
September 20, 2022
Nigeria: Nigeria's Public Debt Rises 2.98% to N42 Trillion
The foreign component of the debt remained at the same level of N16.61 trillion, the local component increased to N26.23 trillion. Read more »
September 12, 2022
Nigeria: Despite Over N41 Billion Debt, Unpaid Pensions, Umahi Builds N1.2 Billion Governor's Lodge
The National Bureau of Statistics, in 2020, ranked Ebonyi State as the fourth poorest state in Nigeria and the least in the South-east, regarding economic development. Read more »
August 30, 2022
Nigeria: Nigeria Threatens to Shut Down Domestic Airlines Over Debt, Gives 30-Day Deadline
The NCAA says airlines must enter an MoU on how they will pay their debts in the next 30 days from August 30 or their licence will be suspended. Read more »
August 29, 2022
Nigeria: Nigeria to Exceed Borrowing Limit in 2023
The minister also said the government's budget deficit is expected to exceed N12.42 trillion if it should keep petroleum subsidy for the entire 2023 fiscal cycle. Read more »
August 19, 2022
West Africa: How Ecowas Commission Disobeys Its Own Court's Order, Incurs N400 Million Judgement Debt
The ECOWAS Court advised the Ecowas Commission to "exhibit some measure of responsibility and commitment in executing contracts entered into, in future." Read more »
July 22, 2022
Nigeria: Nigeria's Debt Mounts As Govt Generates N1.6 Trillion, Spends N4.7 Trillion
The government likely borrowed N3.09 trillion in four months to finance its budget deficit. Read more »
July 21, 2022
Nigeria: Nigeria Broke As Debt Payment Exceeds Revenue
Nigeria's gross oil and gas federation revenue for the first four months of the year was projected at N3.12 trillion but as at April 30, only N1.23 trillion was realised,… Read more »
July 19, 2022
Nigeria: MTN Nigeria to Raise Fresh Debt of N200 Billion for Network Expansion
The firm says it will spend on network expansion, as well as "working capital management and general corporate purpose." Read more »
July 03, 2022
Nigeria: Revenue Generation Is Govt's Main Challenge - Debt Management Office
She said that the most viable solution to the country's challenge remained to grow revenues and plug all leakages, as cutting expenditure was not a viable option. Read more »
June 30, 2022
Nigeria: Buhari Reappoints Patience Oniha As DG Debt Management Office
Her appointment for a second term was based on the significant achievements recorded by the DMO in the last five years, under her leadership. Read more »
June 09, 2022
Nigeria: Nigeria - Debt Relief for a Green and Inclusive Recovery
An international debt relief for a green and inclusive recovery initiative could contribute innovative solutions to address present challenges. Read more »
June 01, 2022
Nigeria: Debt Servicing May Take All of Nigeria's Revenue By 2026, IMF Warns
The IMF says it is a reflection of the low revenue of the country, adding that it needs to mobilise more revenue to be able to have macroeconomic stability. Read more »
May 10, 2022
Nigeria: Talks On Debt Cancellation for Nigeria, Others in Advanced Stage - Buhari
Mr Buhari also said the African continent is on the verge of securing a Special Drawing Rights of about $650bn from multilateral institutions. Read more »
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