Nigeria’s Debts: How Each Nigerian Owes N155,000       The Debt Management Office, DMO, has announced that the total debt stock of Nigeria rose to N31 trillion as of June 2020. It also said the debts are expected to rise this year following more debts to be sourced...

Agric Ministry: Workers Protest Picketing, Asks FG To Clear N17bn Contract Debts     The protests and crisis rocking the Abuja head office of the Federal Ministry of Agriculture and Rural Development took another turn on Wednesday as ministry workers protested against disruption of work by indebted...

CBN To Suspend Interest Payment On State Debts     President Muhammadu Buhari, has approved the suspension of the payment of interest on debts owed by state governments. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who disclosed this at a press briefing in Abuja on...

IMF, W/Bank Call For Suspension Of Debt Payments By Poorest Nations   The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus pandemic. “The World Bank Group...

Debt Exceeds Revenue In 36 States, FCT - FRC   All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues, the Fiscal Responsibility Commission has said. According to the DMO guidelines on borrowing, no state...

Banks Recovering Debts From Other Lenders, Emefiele Says   Credit conditions in the banks have improved and banks are now able to recover customers’ debts from other lenders. The Governor, Central Bank of Nigeria, Godwin Emefiele said this while giving some of the measures introduced in the...