$10bn Debt: CBN Fails to Meet up with Payment Schedule   Over two weeks after the Central Bank of Nigeria (CBN) promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank has yet to do so according to findings. This came as...

In Six Months, Nigeria's Debt Servicing Gulped N2.34trn - DMO The Debt Management Office (DMO) says Nigeria spent N2.34 trillion on debt service within six month of 2023. DMO disclosed this in its latest data on the country’s debt profile. Meanwhile, the figure marked a 43.04 per...

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...