Nigeria’s Borrowing From World Bank Hit $14.34bn In Q1, 2023
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023.
This was an increase from the $13.93bn debt recorded by the Debt Management Office (DMO) as of December 31, 2022.
This means that...
Debt: FG Disconnects Discos From National Grid
Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission Company of Nigeria and the Market Operator have begun a massive disconnection of debtor electricity distribution companies (DisCos)...
AMCON Heightens Moves To Recover Over N4trn Debt
The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru, said the corporation is taking more steps to recover the over N4 trillion government debts from private individuals.
Kuru stated this at the weekend when...
Report Revealed Eight States Got Zero Investment In Four Years
At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022.
Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, Ebonyi,...
Nigeria’s Indebtedness To World Bank Hits N6trn
Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of President Muhammadu Buhari.
Economic Confidential learnt that the total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using...
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...
