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...

Fed Govt Opens $3bn Eurobond Borrowing Plan, Woos Local Investors             The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with a plan to raise at least $3bn from Eurobond issuance. This was contained in a statement...

Nigeria: It’s Time to Stop the Borrowing Binge, by Kingsley Moghalu     The rate at which Nigeria’s public debt has increased in the last six years is unprecedented, alarming, and unsustainable. From $10.31 billion at the end of June 2015, the total external debt increased to...

Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%         The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October. Figures released by the National Bureau of Statistics on...

Senate Seeks Reduction In Borrowing       The Senate on Wednesday said the country should seek alternative sources of funding the budget in order to reduce borrowing. The upper chamber said although borrowing is not entirely bad, the country must seek ways and means to develop alternative funding...