According to the International Monetary Fund (IMF), Rwanda’s growth momentum remains strong, “notwithstanding the challenging external environment,” stating that its real GDP is projected to grow by 8.3 per cent in 2024.
Nigeria GDP Grew By 3.19% In Q2, NBS Says
Nigeria’s Gross Domestic Product (GDP) grew by 3.19 percent (year-on-year) in real terms in the second quarter of 2024, according to a latest data from the National Bureau of Statistics (NBS).
The growth rate is higher than...
Nigeria’s Debt Service Drops Amid Non-Oil Revenue Boom
The Nigerian government has recorded significant strides in its fiscal management, with a dramatic decline in debt service and a surge in non-oil revenue.
The minister of finance, Wale Edun, disclosed these positive developments during an assessment...
Railway Debt Servicing Surpasses Revenue in Q1 2024 by Over 2,000%
Nigeria spent more on servicing the debt incurred for building its railways than the revenue generated by its railway system in the first quarter of 2024.
The country spent 2,470% per cent more on railway...
Nigeria’s Debt to GDP Ratio Surpasses 50%
Nigeria’s debt-to-GDP ratio crossed 50% for the first time ever last week after the Debt Management Office published the country’s latest public debt figures.
According to the DMO, Nigeria now has a public debt portfolio of N121 trillion, consisting...
