Nigeria Loses N313bn As Oil Theft, Shutdown Rise   Rising oil thefts and workers’ strikes have led to a huge drop in Nigeria’s oil production output, culminating in the loss of hundreds of billions of naira in oil earnings. Crude oil production in Nigeria crashed by over...

Report Revealed Contributory Pensions Gained N590bn In Q1, 2023   The assets under the Contributory Pension Scheme rose by N590bn in the first quarter of 2023, figures from the National Pension Commission (PenCom) have revealed. The figures disclosed that the assets rose from N14.99tn as of the...

FG Seeks To Borrow N360bn In New Bond Auction   The Federal Government will today raise about N360 billion in new borrowings as part of its regular debt issuance to finance budget deficit and augment national revenue. It is the last bond auction by the outgoing...

Budget Deficits, Low Revenue To Blame For Rising Debts – DMO   The Debt Management Office (DMO) has said decades of operating budget deficits by successive governments were responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency...

PFAs Exposure In FGN Securities Rise By 17% To N29.66trn   The hike in Monetary Policy Rate (MPR) by Central Bank of Nigeria (CBN) in an effort to tackle double-digit inflation is driving Pension Fund Administrators (PFAs) to gilt edge securities as their exposure to federal...

Debt Servicing Rises To $112m Monthly - CBN   Data from the Central Bank of Nigeria’s Weekly International Payments showed that the Federal Government spent $112.35m servicing external debt in January 2023. The amount spent in January was 146.17 per cent higher than the $45.64m spent in...