External Reserves Sheds $337m In Two Weeks Nigeria’s external reserves fell by $337 million in the first two weeks of August, maintaining its declining trend since the middle of last month. Data from the Central Bank of Nigeria showed that the external reserves fell to $38.882...

ABP: CBN Disbursed N75.9bn Loan To Farmers In two months   The Central Bank of Nigeria (CBN) disbursed N75.9 billion loan to farmers between last November and December, under the Anchor Borrowers’ Programme (ABP). The fund was to support the cultivation of over 383,000 hectares of maize,...

Nigeria’s Debt To World Bank Increases By $660m The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022. This is according to data from both the Debt Management Office and the financial statements of the...

CBN: Debt is Fiscal Responsibility, Nigeria Can’t Stop Borrowing - Emefiele The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says debt is part of fiscal responsibility and Nigeria cannot stop burrowing, especially when it is necessary. The apex bank boss, gave this remark...

Reps Probe NPA, Terminal Operators Over N44bn Debt ‘Owed’- FG The House of Representatives Public Accounts Committee (PAC) has begun investigating the $68.473 million (N44 billion) owed to the federal government by the Nigerian Ports Authority (NPA) and Terminal operators. The monies were lease and Throughput...

Nigeria Makes List of Top Five Debtors’  - World Bank  The World Bank Financial reports have revealed that Nigeria is now ranked fourth among world top debtors. According to the newly released World Bank Fiscal Year 2022 audited financial statements for International Development Association (IDA), the...