Nigeria’s Borrowing From World Bank Hit $14.34bn In Q1, 2023   Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023. This was an increase from the $13.93bn debt recorded by the Debt Management Office (DMO) as of December 31, 2022. This means that...

Nigeria Has Final Say On Petrol Subsidy Removal - IMF   The International Monetary Fund (IMF) has said Nigeria’s plan on whether to remove petrol subsidy or not remains a political and domestic decision for the country’s leadership. Speaking at the Sub-Saharan Africa Regional Economic Outlook press...

Debt: Nigeria Defaults In Repayment To China, Penalties Stand At N41. 31bn   Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to report by the Debt Management Office (DMO), the China debt stock...

Reading Culture: Nigeria As a Case Study Lecture Delivered by Yusuf Lawal, Ph.D, fsi, FNIM, Senior Research  Fellow, University of Abuja, Abuja, Nigeria. Introduction There are two concepts in the topic of this paper namely Reading and Culture. It would be most appropriate to situate the concepts...

VIDEO: Nigerians Condemn Incessant Borrowings, Want Next Administration To Look Inwards https://youtu.be/HUWFU0_oIUs Barely six weeks to the expiration of the Muhammadu Buhari administration, Nigerians have expressed displeasure over its management of the economy especially the humongous debt burden it is leaving behind. The seemingly angry Nigerians said...

World Bank Says Nigeria Spent 96% Of Revenue On Debt Servicing In 2022   The World Bank says Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing debt in 2022. This was according to the...