Why Fed Govt Will Continue Borrowing – Lawan   The Senate President, Ahmad Lawan, has said that until revenue-generating agencies lived up to expectations, the federal government would continue borrowing to fund infrastructure. Lawan gave the hint on Tuesday in an address delivered at the start of...

Fed Govt To Borrow At A Higher Cost As Global Interest Rates Spike   As if the COVID-19 pandemic was a good thing, global interest rates were maintained at historic low levels over the past two years, as monetary policy authorities across the world lowered interest...

Senate Approves Buhari’s Request On Fresh $5.8bn Borrowing   The Senate, on Wednesday, approved the request by President Muhammadu Buhari for loans totalling $5,803,364,553.50 and a grant component of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government. The approval followed the consideration and...

Merchant, Commercial Banks’ Borrowing From CBN Drops By 33.2% In October   Following the improvement in business activity in the country, commercial and merchant banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 33.2 per cent to N505.3billion in October as against N756.37billion in...

Fed Govt Uncomfortable Exceeding Borrowing Limit – Ahmed   The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government is very uncomfortable with the fact that it exceeded the borrowing threshold in the Fiscal Responsibility Act. Ahmed, who spoke at the ongoing...

Nigeria Mulls Return To Eurobond Market For Additional Borrowing   The Federal Government is considering a return to the Eurobonds market for the balance of its $6.1bn external borrowing after it successfully raised $4bn in September. The Director-General of the Debt Management Office, Mrs Patience Oniha, gave...