FG Opens 2023 Borrowings With Two Savings Bonds   The Federal Government will today open application list for its first debt issuance in 2023 with the launch of two tranches of its monthly retail bond issuance, otherwise known as Federal Government of Nigeria Savings Bond (FGNSB). The...

Commercial Banks Borrow N4.4trn From CBN In Three Months   Deposit money banks (DMBs) accessed an accumulated value of N4.4 trillion from the Central Bank of Nigeria (CBN) through its overnight lending window from June to August, data sourced from the regulator suggested. Banks regularly access the...

Fed Govt’s New Borrowings Rise By 278.03% In Six Years     The Federal Government’s thirst for debts appears to have deepened as new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021. This was disclosed in the presentation of the public debt data...

Nigerians Have Right To Be Worried About Our Constant Borrowings - Buhari   President Muhammadu Buhari has said that the frequent borrowings by his administration is a matter of necessity. The President said the country’s debt profile is still within a sustainable level. He said this while presenting...

House Passes 2022-2024 MTEF, Approves N4.89trn New Borrowings         Like the Senate, the House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by President Muhammadu Buhari. The passage followed consideration and adoption of the report by the House Committee...

FG Targets Tax Raise In 2022 To Reduce Borrowing       Taxes may go up next year as a result of the government’s plans to shore up revenue and drastically cut borrowings. Leakages are to be blocked and revenue-generating agencies are to be thoroughly supervised. Senate President Ahmad Lawan,...