In Six Years, Buhari Regime Has Borrowed $2.02bn From China       The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office on Monday showed. According to the statistics obtained from the DMO, Nigeria’s total debt from China as...

N5trn Debt: AMCON Plans To Change Recovery Strategy       The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy. It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned...

Rising Debt Service Cost Weighing On FG’s Revenue – PwC       The increasing cost of servicing debt continues to weigh on the Federal Government’s revenue profile, a PwC report has said. This report was titled ‘Nigeria Economic Alert: Assessing the 2021 FGN Budget.’ According to the report, the...

CISLAC Ask Questions Of Presidency Framework To Sort Debt Profile, by Ezekiel O. Kayode     A concerned civil group, CISLAC, called on the Federal Government and the House on Wednesday to address the accountability crisis that has emerged from an unceasing procurement of loans. The Civil Society...

Nigeria’s Debt Stock To Hit N34trn With New Loans       The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government. The House of Representatives yesterday approved the external loan...

Nigeria Faces Serious Debt Sustainability Risk - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that Nigeria faces serious fiscal sustainability risk over its national debt profile. LCCI noted that the country’s debt-to-GDP ratio, which the government is using as a measure...