Tag: DEBT
Q1 2023 Debt Servicing Rose To N1.24tr –Report
The Debt Management Office, DMO says Nigeria’s debt servicing cost has increased by 55.71 percent to 1.24 trillion naira in three months.Data from the...
Rising Debts: Oil-Producing States Borrow N1.3tn Amid N6.4tn Windfall – DMO
The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub national debt...
Nigeria’s Public Debt Stock Hits N42trn
The Debt Management Office DMO said Nigeria’s total public debt stock, which was 41.60 trillion naira in March rose to 42.84 trillion naira by...
N10b Debt: FCTA Seals Federal Ministry Of Works, Character Commission, Others
The FCT Administration sealed the Federal Ministry of Works, Federal Character Commission and Merit House Maitama over N10 billion waste collection debt owed Abuja...
N35.5Trn Debt Unsustainable, Worrisome —NECA
The Nigeria Employers Consultative Association, NECA, weekend, warned that the nation’s rising debt profile is not sustainable, advising that government adopts the Public Private...
DMO: Nigeria Not Among High-Debt Risk Nations
The Debt Management Office DMO has reacted to media report to the effect that the World Bank had listed Nigeria among ten high-debt risk...
Germany Grants Nigeria N8.9bn Debt Relief
Germany has granted Nigeria a debt relief worth 8.9 billion naira as part of its contribution to the country’s COVID-19 fight.In a statement, Germany,...
IMF Excludes Nigeria From 25 Nations Granted Debt Relief
The International Monetary Fund, IMF
has granted debt relief to 25 countries, mostly African nations with the
exception of Nigeria.IMF Managing Director Kristalina
Georgieva in a statement...
Buhari Meets Gbajabiamila, Discusses Xenophobia, 9.6 Billion Dollars Judgment Debt
President Muhammadu Buhari on Friday met
behind closed doors with the Speaker of the House of Representatives, Femi
Gbajabiamila, at the Presidential Villa, Abuja.Speaking to State...
Debt: NLC Urges FG To Borrow With Caution
The Nigeria Labour Congress,NLC has urged the
Federal Governmentto be cautious on the issue of borrowing both within
and outside thecountry.NLC General Secretary, Peter Ozo-Eson, said...
