Debt: Nigeria Defaults In Repayment To China, Penalties Stand At N41. 31bn   Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to report by the Debt Management Office (DMO), the China debt stock...

VIDEO: Nigerians Condemn Incessant Borrowings, Want Next Administration To Look Inwards https://youtu.be/HUWFU0_oIUs Barely six weeks to the expiration of the Muhammadu Buhari administration, Nigerians have expressed displeasure over its management of the economy especially the humongous debt burden it is leaving behind. The seemingly angry Nigerians said...

N2bn Debt: AMCON Takes Over Firm’s Assets   The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over N2 billion debt. The move by the corporation followed an order of Honourable Justice I. N. Buba of the Federal High Court...

Managing Nigeria's Debt Burden: An Agenda for Incoming Administration, by Zeenat Sambo   Over the past few decades, Nigeria has experienced significant economic growth and development, but it has also experienced a growing debt burden, which has been a major concern for policymakers and analysts. In the...

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...

Nigeria’s Debt Rose To N46.25trn In 2022 – DMO   The Debt Management Office (DMO) has stated that Nigeria’s debt profile as of December 31, 2022 is N46.25 trillion or $103.1bn. In a statement yesterday, DMO said there was an increase of over N7tr from what the...