IMF Says Nigeria Recorded $85.21bn Net Foreign Liabilities
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said.
From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign...
Report Ranks Nigeria 5th In Property Money Laundering
A new report by Global Financial Integrity, an American think-tank focused on illicit financial flows, corruption, illicit trade and money laundering, has ranked Nigeria fifth among countries with the most politically exposed persons involved in real estate...
Nigeria, India Trade Volume Hits $14bn In Q1, 2021
India’s volume of bilateral trade with Nigeria has reached $14 billion in the first quarter of this year, representing about a 17 per cent increase from the same period in 2020.
Indian High Commissioner to Nigeria, Mr...
Nigeria’s IDA Debt Now $11.7bn - DMO
Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said.
“IDA loans represent one of the most favourable borrowing options for countries like Nigeria and is also consistent with the Medium...
In Six Months, Nigeria’s VAT Hits N1trn - NBS
Nigeria generated a N1tn in the first half of the year, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter.
The figures were contained in the ‘Sectoral distribution of Value Added Tax’...
W/Bank Lists Nigeria, Nine Others High-debt Risk Nations
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure.
It stated this in the financial statement for International Development Association, which was among the World Bank FY21...
