Nigeria debt

Tinubu's Quest For Fresh N tn Foreign Loan May Push Nigeria’s External Debt To $bn By Year End

Quest For Fresh N1.767tn Foreign Loan May Push Nigeria’s Debt To $45bn

There are concerns that Nigeria’s external debt could reach $45.1 billion by the end of 2024 following the Federal Government’s plans to obtain more foreign loans, leading to an impending debt crisis.

Victor Ezeja

1 month ago

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·Latest News

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has stated that the Nigerian government can raise $50 billion through sale of assets, reduce its debt burden. He warned that if the federal

Victor Ezeja

4 months ago

Business·Latest News

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

SERAP has called on the World Bank Inspection Panel to probe allegations of corruption in the spending of loans and other funding facilities obtained from the Bank by Nigeria’s Federal Government and

Victor Ezeja

6 months ago

Business·Finance & Economy·Latest News

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tilewa Adebajo, the Chief Executive Officer of CFG Advisory, stressed the necessity for Nigeria to broaden its revenue streams in order to combat the prevailing inflation challenge. Adebajo emphasized the urgency of

Emmanuel Ochayi

1 year ago

Tinubu Writes NASS, Seeks Approval For N500bn Subsidy Removal Palliatives

Tinubu Seeks $7.8bn, €100m Loans After Presenting N2.18trn Supplementary Budget

President Bola Tinubu has sought Senate approval for a second round of loans totaling $7.8 billion and €100 million, barely a day after his N2.18 trillion supplementary budget request was presented. The

Emmanuel Ochayi

1 year ago

Editorial

Nigeria Isn’t Broke – Editorial

Nigeria’s Minister of Budget and National Economic Planning, Atiku Bagudu, the other day declared that President Bola Ahmed Tinubu’s government was facing a serious revenue deficit, as “there’s no money anywhere in

Prime Business Africa Editorial

1 year ago

Finance & Economy·Latest News

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

The Nigerian government has restructured its debt to the Central Bank of Nigeria (CBN), resulting in a reduction of the owed amount to N4.36 trillion as of June 2023, according to

Emmanuel Ochayi

1 year ago

Africa·Latest News

Nigerian Senator Proposes Climate Debt Swap At World Bank/IMF Meeting

Senator Jimoh Ibrahim of Ondo South Senatorial District has called for a unique approach to Africa's debt crisis. He recommended that Africa's debts, including those of Nigeria

Emmanuel Ochayi

1 year ago

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Business

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

The Manufacturers Association of Nigeria (MAN) said the high taxes imposed on the sector is the Federal Government’s attempt to shift the responsibility of repaying FG’s debt to manufacturers. According to the

Fakoyejo Olalekan

1 year ago

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

Business

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office,

Fakoyejo Olalekan

2 years ago

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Quest For Fresh N1.767tn Foreign Loan May Push Nigeria’s Debt To $45bn

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

₦121.67trn Debt: SERAP Demands Probe Of World Bank Loans Spending By Nigerian Govt

Tilewa Adebajo Calls For Diversifying Revenue Base To Tackle Nigeria’s Inflation

Tinubu Seeks $7.8bn, €100m Loans After Presenting N2.18trn Supplementary Budget

Nigeria Isn’t Broke – Editorial

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

Nigerian Senator Proposes Climate Debt Swap At World Bank/IMF Meeting

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

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