FG Budgets N3.85trn for Capital Projects in 2021 The 2021 budget estimates submitted to the National Assembly by President Muhammadu Buhari has N3.85 trillion for capital projects. Minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed at the budget breakdown held in Abuja. Mrs Ahmed...

Manufacturers’ Unpaid Export Grants Hit N1.29trn       The Federal government owes exporters N1.29trn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group. Speaking on the sidelines of...

Nigeria’s Debt Fast Becoming Unsustainable, May Reach N34trn – LCCI       The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end. The President,...

Fed Govt September Bonds Oversubscribed By N215.22bn       The Federal Government’s bonds for the month of September worth N145bn which were auctioned on Wednesday, were oversubscribed by N215.22bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N360.22bn,...

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...

Bond Investors Get N160bn Interest Payment In 2 Weeks       Investors in the Federal Government of Nigeria (FGN) bonds are expected to reap N160 billion as interest (coupon) payment in two consecutive weeks even as the Debt Management Office (DMO) auctions N145 billion worth of bonds...