Nigeria’s Eurobonds Debt Rose By $9.37bn In Five Years       Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a $9.37bn or 625 per cent increase in five years. The debt stock remained...

FG Owes CBN N15.51trn, Borrows N14.86trn Under Buhari's Regime       The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown. The N15.51tn...

Our Debts'll Keep Rising, Revenues Declining – Fed Govt       The Federal Government has said it plans to borrow more to fund its budget for 2022, while it will spend more to service the growing debts as a result. The Ministry of Finance, Budget and National Planning,...

Lagos, 14 Other States’ Debts Hit N1.68trn       The cumulative domestic debts of Lagos and 14 others rose by 153.82 per cent between December 31, 2015 and March 31, 2021, analysis of data obtained from the Debt Management Office has shown. Each of the states in question...

AMCON Drags 3,000 Defaulters To Court Over N5trn Debt         The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme...

W/Bank Rejects Debt Cancellation For Africa       The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that line of action. World Bank Group President, David Malpass said, who disclosed this yesterday during...