Debt Profile: Revenue Generation Is Nigerian Govt’s Main Challenge – DMO   The Debt Management Office (DMO) says revenue generation is a major constraint of the Federal Government and impacts the country’s debt situation negatively. The Director-General of the DMO, Patience Oniha, said this in a telephone...

We Recovered N1.4trn Bad Debt - AMCON Boss   The Managing Director/CEO, of Asset Management Corporation of Nigeria, (AMCON), Ahmed Kuru has said the Corporation has recovered about N1.4trn, which comprises of cash N681bn; Property Forfeiture N279bn; Share Forfeiture N140bn; and other strategic assets N208bn. Similarly, a...

FG Raised N1.84trn Via Bond To Bridge 2022 Budget Deficit In H1, 2022   The federal government in first half (H1) of 2022 raised a total of N1.84 trillion through the FGN bond market to finance the N6.26trillion 2022 budget deficit, the Debt Management Office (DMO)...

Bank Assets Rise By 21% To N64.32trn   Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained from the Central Bank of Nigeria revealed that the assets of the lending institutions had hit N53.17tn in the...

Why Reps Probe 5-Year Fuel Subsidy, Allege N2.9tr Diversion The House of Representatives has set up an ad hoc committee to investigate the petroleum products subsidy regime from 2017 to 2021. The committee is also to query an alleged $7 billion (about N2.905 trillion) oil...

Credit to Private Sector Hits N3.01trn In Five Months   With the Central Bank of Nigeria (CBN) retaining 65 per cent minimum Loan-to-Deposit Ratio (LDR), among other policies to boost lending, credit to private sector between January and May 2022 added N3.01 trillion reaching an all-time...