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April 01
Nigeria: Zamfara Governor Denies Borrowing 14.26bn
The spokesperson of the governor clarified that no domestic or external loans have been taken since Governor Dauda Lawal took office, pointing out that the amount referred to in… Read more »
February 29
Nigeria: Nigerian Govt Offsets $120 Million Debt to Gas Companies
"The arrears gas producers are owed as of last year was about $ 1.3 billion. But between October 2023 and the end of January, the government has paid over $120 million to offset… Read more »
February 22
Nigeria: Ogun Waste Managers Threaten to Withdraw Services Over Huge Debt
"The money being owed members, puts over 1000 direct and indirect jobs on the line should they close shops due to lack of funds to continue operations." Read more »
December 21, 2023
Nigeria: Nigeria's Public Debt Hit N87 Trillion in Q3 2023
The figure shows a 0.61 percent increase from the June 2023 figure of N87.38 trillion Read more »
November 20, 2023
Nigeria: N2.5bn Judgement Debt - ABU, 110 Staff Members' Settlement Meeting Ends in Deadlock
The 110 former staff members of ABU Zaria obtained a N2.5 billion court judgement in 2015 following their unlawful disengagement by the university in 1996. Read more »
August 15, 2023
Nigeria: Why We Gave ABU N1bn to Pay Electricity Debt - Govt
"...we had to bail out Ahmadu Bello University, Zaria, with about N1 billion to pay its electricity bill. The school just resumed academic sessions because they were in darkness." Read more »
August 12, 2023
Nigeria: CBN's Annual Report Shows Sharp Deterioration in Credit Quality As Lending to FG Mounts
Credit loss expense for the apex bank rose to N875.2 billion from N498.2 billion a year earlier, according to its recently released audited earnings report. Read more »
August 09, 2023
Nigeria: Why Zamfara Can't Pay N1.6 Billion WAEC Debt Now - Official
Mr Kaura noted that about 18,000 Zamfara indigents were allowed to register for WAEC and NECO this year. Read more »
August 02, 2023
Nigeria: AMCON Recovers N1.6trn Debt in 10 Years - Official
"To date the corporation has made recoveries of about N1.6 trillion, which include recoveries in cash and sale of assets," Mr Kuru said. Read more »
June 25, 2023
Africa: World Bank to Create Catastrophe Toolkit in Response to Calls for Financial System Reform
The debt profiles, especially of countries in the global south, are rising, with many are now adjudged high-risk countries, keeping investors far from them Read more »
June 06, 2023
Nigeria: Paris Club Refund - Again, Court Summons Emefiele Over $53 Million Debt
The court had since last year ordered the CBN governor, Mr Emefiele, to appear over his alleged refusal to obey an order directing him to $53 million debt to a lawyer. Read more »
June 01, 2023
Nigeria: Scorecard - Increased Revenue, Huge Debt Burden, Higher Child Mortality Reflect Wike's Performance As Rivers Governor
The unemployment rate also rose slightly in Rivers under Nyesom Wike's administration. Read more »
May 29, 2023
Nigeria: Revenue Increased, Debt Worsened, Out-of-School Children High While Emmanuel Governed Akwa Ibom
Akwa Ibom is one of Nigeria's oil-producing states. Read more »
Nigeria: Ganduje Leaves Kano With N241 Billion Debt
In his speech, Mr Ganduje said that his administration collected N1.2 trillion in the last eight years Read more »
May 26, 2023
Nigeria: IMF, Stakeholders Task Tinubu On Revenue Generation, Debt Reduction
IMF also advises the incoming government of President-elect Tinubu to drastically reduce dependence on debt to fund expenditure. Read more »
May 21, 2023
Nigeria: Afe Babalola Urges Incoming Federal Government to Seek Debt Relief for Nigeria
Mr Babalola also enjoined the incoming administration to cut expenditures and undertake reforms to scale down governance costs and ease the country's fiscal burden. Read more »
March 09, 2023
Nigeria: P&ID - Nigeria Govt Wants UK Court to Overturn $11bn Judgement Debt
Nigeria's lawyer told the court that P&ID obtained its contract "by telling repeated lies and paying bribes to officials." Read more »
February 05, 2023
Nigeria: Stallion Nigeria Refutes Claim of Alleged Debt to GTB, Says Matter Pending in Court
The company said the matter is still in court Read more »
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 »
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