Coronavirus Threatening Our Debt Servicing Plans, Says DMO   The Debt Management Office on Monday raised the alarm that the outbreak of coronavirus was threatening the arrangement put in place to service the nation’s debts. The DMO explained that Nigeria’s total public debt grew from $17.35bn in...

Debt: MPC Raises Concerns As Servicing Gulps N2.45trn   The Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has raised concerns over Nigeria’s rising debt and debt service cost. An MPC member, Okwu Nnanna, said in his personal note at the last MPC meeting in Abuja...

FG Defends $22.7bn Loan, Admits Debt Service Budget High   The Federal Government has said Nigeria cannot service its debts with the current revenue generation capacity. The government insisted that debt to Gross Domestic Products ratio is still within the threshold but admitted that the debt to...

Debt Servicing and Rationale For Seeking Loans By Saad Yushau Shuaib   I read with keen interest and undivided attention a news story titled, “Debt servicing gulps N8trn as FG seeks more loans,” on the front page of DailyTrust newspaper of Friday, November 1, 2019. In the...

In 9 Months, Debt Servicing Gulped $1.09bn – CBN   Nigeria spent $1.09bn on debt servicing between January and September this year, a new report by the Central Bank of Nigeria has indicated. The international payment data by the CBN showed that debt servicing gulped a total...

FG To Spend N2.45trn On Debt Servicing In 2020   The Federal Government plans to devote N2.45trn (about 24.5 per cent) of its N10.002trn 2020 budget estimates on debt servicing, according to the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to the National...