LCCI Concerned Over Rising Inflation, Debt Sustainability       As the country awaits a higher inflation rate for March due for release today,, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns about the persistent increase in domestic prices. It noted that continual rise in...

AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals for...

W/Bank To Address Nigeria, Poor Countries’ Debt Overhang     The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens. He...

N50bn Hidden Debt By Amosun Govt Uncovered - Ogun Govt         The Ogun State Government says it took its diligence to discover an alleged hidden additional N50bn domestic debt left behind by the immediate-past administration of Senator Ibikunle Amosun. Abiodun said the figures given to it by...

N4.7trn Debt: AMCON Pays N2trn To CBN       The Asset Management Corporation of Nigeria (AMCON) has repaid N2 trillion out of its N4.7 trillion commitment to the Central Bank of Nigeria (CBN), its Managing Director/CEO Ahmed Kuru has said. Speaking on the corporation’s focus in his new...

‘Nigeria’s Debt Rose By N1trn Without Borrowing’       By devaluing the naira, Nigeria has added N1 trillion to her total debt without borrowing. The devaluation of the naira and an opaque revenue-generating strategy have contributed to make Nigeria’s debt unsustainable. Senior Economist with SPM Professionals, Dr. Paul Alaje,...