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January 24, 2023
Nigeria: P&ID - Nigeria Begins Bid to Overturn $11bn Judgement Debt
A lawyer representing Nigeria told the court that P&ID obtained its contract "by telling repeated lies and paying bribes to officials." Read more »
December 19, 2022
Ghana: Ghana Suspends Payment On Eurobond, Other Foreign Debt As Economic Crisis Worsens
The country suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after a $3 billion agreement with the International Monetary Fund… Read more »
December 08, 2022
Nigeria: China Accounts for 66% Debt-Service Payments By Nigeria - World Bank
Nigeria's debt owed to China accounts for 83.57 percent of its total bilateral debt as of June 30, 2022, totalling $3.9 billion. Read more »
October 20, 2022
Nigeria: Nigerian Govt to Turn N20 Trillion CBN Debt to Bonds Repayable Over 40 Years
The borrowing, added to the Nigerian government's debt figure estimated at N42.8 trillion at mid-year, sums the government's entire debt up to N62.8 trillion or $143.6 billion. Read more »
October 13, 2022
Nigeria: Nigeria's Eurobonds Retreat After Govt's Plan to Restructure Debts
Investors respond with concerns about Nigeria instruments after the government indicated it might be struggling to meet its repayment obligations. Read more »
October 10, 2022
Nigeria: N41.6 Trillion Debt - Kebbi Governor Defends Nigerian Govt's Borrowing
Governor Bagudu said the level of Nigeria's indebtedness should not be a reason for people to be hopeless about the country. Read more »
September 25, 2022
Nigeria: New Financing Framework Will Improve SDGs Funding Without Increasing Public Debt - - Buhari
Mr Buhari explained that his government adopted the INFF with the support of the United Nations Development Programme (UNDP) to increase SDGs funding. Read more »
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 »
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