In Three Months, FG Borrowed N3.17trn
The money borrowed by Federal Government in the first quarter stood at more than N3.17 trillion, records have revealed.
Data obtained by The Nation Economic Intelligence showed that the government had raised N3.17 trillion in the past three months through...
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...
Lagos, Delta Top States’ N5.33trn Domestic Debts
The domestic debt owed by state governments and the Federal Capital Territory administration rose to N5.33tn as of the end of December 2022.
The sub-national domestic debt stock was N4.46tn by the end of 2021, which means it rose...
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...
DMO Issues 2 Savings Bonds With High Interest Rates
The Debt Management Office (DMO), says it has issued two new savings bonds with interest rates of 12.492 percent and 13.492%, respectively which is payable after two and three years.
The DMO disclosed in a statement yesterday...
Nigeria’s $15.9bn Eurobonds Debts, MPC Worries Over Rising Figures
The Monetary Policy Committee members of the Central Bank of Nigeria (CBN) have expressed concerns about the country's ability to service and repay its external and local debts due to the growing level of Nigeria's debt
According...
