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The International Monetary Fund (IMF) announced that Nigeria has completely settled the $3.4 billion in COVID-19 financial assistance received through the Rapid Financing Instrument (RFI). However,...
Former President Olusegun Obasanjo has shared his thoughts on Nigeria’s growing debt profile. He described the situation as a burden for both present and future generations....
The presidency has given more details about Nigeria’s debt condition under the administration of President Bola Tinubu. The presidency explained that contrary to some reports that...
The Debt Management Office (DMO), has insisted that Nigeria’s staggering public debt profile is okay and very much within reasonable limits. This was made known on...
In a publication on Friday (today), the Debt Management Office (DMO) confirmed that Nigeria’s debt profile has now risen to $108.3bn (N49.8trn). The total public debt...
Nigeria’s economic growth has suffered more setbacks as the country’s debt servicing increased rapidly in recent years. In a recent report, the World Bank disclosed that...
Economists have revealed that Nigerian firms and citizens are likely to lament even more in the coming days as the country’s total debt figure rises to...
The International Monetary Fund (IMF) has, amid reports that Nigeria may spend 100% of its revenue on debt servicing by 2026, acknowledged that there was an...
Former Governor of Anambra State, Peter Obi, said on Monday that if elected as President of Nigeria, he may also borrow money from some quarters. The...
The next president of Nigeria after President Muhammadu Buhari will inherit ₦39.12tn debt, Naija News understands. Recall that Nigeria’s incumbent leader on Friday, 7th October 2022...
The Chinese government has announced its plans to absolve 23 interest-free loans to 17 African countries. Though China has failed to mention the countries in its...
Financial reports have revealed that Nigeria is now in the fourth position on the list of World Bank‘s top debtors. According to the newly released World...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has lamented the nation’s rising debt profile and charged President Muhammadu Buhari‘s led government to...
Nigeria’s borrowing from China so far has accumulated to 89.94 per cent to hit $3.67bn. Due to collaborations with the country over the years, China has...
Financial analysts have described Nigeria’s debt servicing as outrageous and a setback to the country’s economic status among its African counterparts. Findings have revealed that the...
By Richard Ogunsile and Chukwuani Victoria When a country borrows hugely either internally or externally, there is an expectation the borrowed funds will impact its economy...
Nigeria’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn. This was contained in data reported by the Debt Management Office. The financial...
Nigeria’s debt stock is expected to increase by a total sum of ₦720 billion in the second quarter of the year 2022. This revelation is contained...
The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s debt profile could be in excess of ₦50 trillion. Naija News reports that the...
Nigeria’s most populous state, Lagos has led its counterparts to amass a debt of ₦6.43tn at the end of the year 2022. Lagos is owning ₦658.96bn...
