Dollar Debts: CBN To Repay Banks, Naira Rebound Likely   The Acting Governor of the Central Bank of Nigeria (CBN) Folashodun Shonubi, has said the apex bank will repay banks all outstanding forward contract debts in the next one to two weeks. Although he did not disclose...

Sanusi: Buhari Crippled Economy with Debts as Inexperienced Boy Bought Private Jet Under Him   Former Emir of Kano, Muhammadu Sanusi II, has said former President Muhammadu Buhari-led administration treated the economy without recourse to experts’ advice. The former governor of the Central Bank of Nigeria (CBN),...

Tinubu: Servicing Debt With 90% Revenue Path To Destruction   President Bola Tinubu has said the country could not continue to service its debt with 90 percent of its revenue. He noted that the country was headed for destruction should that continue. Tinubu spoke during the Annual Conference...

MAN Says N77trn Debt May Stall Tinubu’s Economic Plan   The Manufacturers Association of Nigeria (MAN) has indicated that Nigeria’s estimated N77 trillion debt burden would likely truncate the economic plans of President Tinubu-led regime. The manufacturers also lamented that the sector has been at the receiving...

FG To Settle N187.32bn Contractors’ Debt This Year   The administration of President Bola Tinubu will likely spend about N187.32bn to settle debts owed to local contractors this year. The debts were listed as promissory notes in a document titled, ‘Schedule of promissory notes issued by category...

Banks Offer Telcos N120bn Debt Repayment Plan   Telecommunication firms are considering a repayment plan proposed by Deposit Money Banks to end the N120bn debt on the Unstructured Supplementary Service Data service. A source said the Central Bank of Nigeria (CBN) was intervening in the dispute, and...