CBN Loans: Nigeria’s Debt Hit N77 Trillion - DMO
Nigeria’s Debt Management Office (DMO) said that the next administration will inherit a public debt of N77 trillion if the N23 trillion loans from the Central Bank of Nigeria (CBN) are securitised.
The Director-General of the DMO,...
Railway Debt Servicing Gulps N246bn
The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by...
EFCC Recovers N13bn Illegal Fuel Subsidy Payments
The Economic and Financial Crimes Commission (EFCC) recovered about N13bn as proceeds of illegal payments made under the subsidy regime between 2017 and 2021.
This was based on the National inherent risk assessment of money laundering and terrorist financing...
N22trn Loan To Attract Additional N1.8trn Interest, Says Buhari
President Muhammadu Buhari on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill.
It is the eighth and final budget of his regime.
Buhari signed the 2023 budget at the...
2023 Budget: Buhari to Forward Borrowing Plan to NASS
President Muhammadu Buhari has said he will forward the comprehensive Borrowing Plan for 2023 to the National Assembly for consideration.
The President made this known after signing the 21.83 trillion naira 2023 Appropriation Bill into law on...
JUST IN: Buhari Signs N21.83trn 2023 Budget into Law
President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law.
The President who took advantage of the first working day of 2023 to take the significant steps also signed the 2022 Supplementary Appropriation Bill...
