Buhari's Administration: Chinese Loans Rise By 209%, Hit $4bn   Federal Government’s borrowing from China has grown by 209.15 per cent under Muhammadu Buhari administration. This is as total bilateral loans rose by 219.91 per cent from $1.58bn as of June 2015 to $5.07bn as of December...

Lagos, Delta Top States’ N5.33trn Domestic Debts   The domestic debt owed by state governments and the Federal Capital Territory administration rose to N5.33tn as of the end of December 2022. The sub-national domestic debt stock was N4.46tn by the end of 2021, which means it rose...

Nigeria’s Debt Rose To N46.25trn In 2022 – DMO   The Debt Management Office (DMO) has stated that Nigeria’s debt profile as of December 31, 2022 is N46.25 trillion or $103.1bn. In a statement yesterday, DMO said there was an increase of over N7tr from what the...

Customs Rake In N54bn Revenue In Three Months   The Nigerian Customs Services (NCS) says it generated over N54 billion revenue from its operations in Area 2 Command, Onne Port, Rivers State, between January and March, 2023. The Comptroller, Baba Imam, who stated this during a briefing...

Fed Govt $22bn Loan Request Declined By Chinese Bank – Reps   The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier...

Domestic Airfares Increase By 66% In 2022 – NBS   The National Bureau of Statistics (NBS) has revealed that domestic air transport fares increased by 66.36 per cent in the last one year. In its latest report titled ‘Transport Fare Watch (February 2023)’, the NBS stated that...