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...
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...
