FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn   Nigeria’s total public debt may hit N118.37tn in the next three years. The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According...

N130bn USSD Debt: Telcos Threaten Court Action Against Banks   Telcommunications operators (Telcos) under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON), have threatened to drag Nigerian banks to court over the unpaid Unstructured Supplementary Service Data (USSD), which has accumulated over...

$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),...