Nigeria's Public Debt Rises by 10.7% to N97.34 Trillion - DMO According to the Debt Management Office (DMO), Nigeria's public debt has surged by 10.7% to N97.34 trillion, up from N87.91 trillion in the previous quarter. The report revealed that the rise in debt levels are...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...

N47bn Debt: CBN, Aso Villa, DHQ Face Disconnection   No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn. According to a public notice by the management of the AEDC, the Presidential Villa owes the...

Nigeria's Debt May Hit N107tn Nigeria’s total debt, Federal Government and states’ loans, may hit at least N107.38tn soon following the approval of fresh borrowings for the Federal Government and new securitisation of the Central Bank of Nigeria’s N7.3tn Ways and Means advances. This is as...

In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite N1.88trn Derivation Fund   Despite receiving N1.885 trillion from the 13 per cent oil derivation fund in two years, the nine oil-producing states’ debts as a result of loans taken from local and foreign lenders have...