US Cautions FG on China Loans, Control The United States of America opined that Chinese loans could give China the ability to control the Nigerian government. This was stated in the Integrated Country Strategies document by the US Department of State. The document was originally approved on...

In Seven Months, NGX Attracted N369.83bn FGN Bonds, Other Listings    The Nigerian Exchange Limited (NGX), attracted a total of N369.83 billion new listings across equities, FGN Bonds, mutual funds, and derivatives categories in seven months of 2023. The numbers obtained by Economic Confidential revealed that corporate...

FG Incurred N16.48trn Fresh Debt In Five Years - NDMF   The Federal Government piled up at least N16.48tn new borrowings between 2018 and 2022. This was disclosed in the National Debt Management Framework (NDMF) 2023 -2027 published on the website of the Debt Management Office (DMO). A...

Debt Servicing Rises to N1.24tn in Q1 2023 – Report The Debt Management Office report has shown that Nigeria’s debt servicing cost increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022,...

DMO Warns FG on Additional Borrowing  The Debt Management Office, DMO, has warned the Federal Government against additional borrowing, saying 73.5 per cent of revenue generated this year will be used to service debt. According to the DMO, the projected FGN Debt Service to Revenue ratio...

A Nation and its Appalling Debt Crisis By Karima Kabir Garba The editorial of the Punch newspaper of Monday, June 19, 2023, with the above title, is indeed apt. It could not have come at a better time, in view of the dire economic strait Nigeria...