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...
Buhari Justifies Borrowing To Fund Infrastructure Development
President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.
Speaking at a virtual meeting with members of the Presidential...
