DMO Says Nigeria Has Not Defaulted In Repaying Chinese Loans   The Debt Management Office (DMO) has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement yesterday hailed the judgement that ordered...

Buhari's Administration: Chinese Loans Rise By 209%, Hit $4bn   Federal Government’s borrowing from China has grown by 209.15 per cent under Muhammadu Buhari administration. This is as total bilateral loans rose by 219.91 per cent from $1.58bn as of June 2015 to $5.07bn as of December...

On Whose Benefits Are Chinese Loans To Nigeria? By Lawal Sale Maida   From the outset, I wish to state that I am neither an economist by training nor am I party to the loan deals between Nigeria and China, but the hoopla the issue has generated...

Nigeria's Sovereignty Not For Chinese Loans By Saliu Bashiru   There is no gain saying that Nigeria as a country lacks infrastructural development, and without this, we can not develop and compete with the rest of the world. According to research by Mckinsey, Nigeria will need to invest...

Lawmakers Raise Alarm Over Chinese Loans     The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China. According to the lawmakers, Nigeria will concede some of its sovereignty if the country defaults in the repayment plan. The House...

DMO Explains $3.121bn Chinese Loans     The Debt Management Office, DMO, said yesterday that the total borrowing by Nigeria from China was $3.121 billion (N1,126.68 billion at USD/N361), as at March 31, this year. This amount, it explained, in a statement, was only 3.94% of Nigeria’s total...