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Senate Warns On Debt Trap, Okays $2.9 Billion Foreign Loan

The Senate has warned the government to stop taking external loans, urging it to find other means of generating revenue internally, rather than throw the country into a debt trap.

Nigeria: Stop Borrowing, Senate, NSIA, Others Warn Govt

Vanguard, 18 October 2018

The Senate and Nigeria Sovereign Investment Authority, NSIA, yesterday warned the Federal Government against returning the country into a debt trap. Read more »

Photo: The Guardian

(file photo).

Nigeria: Senate Approves $82.54 Million Eurobond, Warns Buhari Against External Borrowing

Premium Times, 17 October 2018

The Senate has approved $82.54 million to refinance the balance of $500 million matured Eurobond in the International Capital Market earlier requested by President Muhammadu… Read more »
Nigeria: Govt Defends Debt Borrowing

Vanguard, 16 October 2018

The federal government has defended the country's position with regards to foreign borrowing which the International Monetary Fund IMF listed the vulnerability to foreign debt as… Read more »
Nigeria: Uproar in Senate As Saraki Refuses to Recognise Akpabio

Premium Times, 17 October 2018

The Senate was thrown into chaos on Wednesday as lawmakers argued over sitting arrangements. Read more »
Nigeria: Senate Leadership Must Change - Akpabio

Daily Trust, 18 October 2018

The immediate past Minority Leader of the Senate, Godswill ‎Akpabio, has said composition of the Senate leadership must change for things to take proper shape. Read more »
Nigeria: Senate Orders CBN to Suspend ATM Card Maintenance Charges

Daily Trust, 17 October 2018

The Senate has called on Central Bank of Nigeria to suspend ATM card maintenance charges. Read more »
Nigeria: Senate in Rowdy Session Over Sitting Arrangement

This Day, 17 October 2018

The Senate on wednesday began plenary on a rowdy note as senators disagree on where the former Senate Minority Leader, Senator Godswill Akpabio, should sit. Read more »
Nigeria: Senate Warns On Debt Trap, Okays $2.9b Foreign Loan

Guardian, 18 October 2018

The Senate yesterday warned the Federal Government to stop taking external loans, urging it to find other means of generating revenue internally, rather than throw the country into… Read more »

InFocus

Buhari Dismisses Chinese 'Debt Trap' Talk

President Muhammadu Buhari says that Nigeria's partnership with China through the Forum on China-Africa Cooperation has resulted in the execution of vital infrastructure projects ... Read more »
- Nigeria: Nigeria-China Partnership Yields Over $5bn in Projects - Buhari
- Nigeria: Buhari Dismisses Chinese 'Debt Trap' Talk
Rising Debts Pose Risk to Nigeria - IMF

The International Monetary Fund has expressed concerns about Nigeria's debt servicing capacity, as the size of the total debt keeps rising against its revenue. Read more »
- Nigeria: IMF Warns of Another Melt Down, As Global Debt Rises to $164trn
- Nigeria: World Bank - Nigeria, Others Not Prepared for Digital Economy

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