Nigeria’s debt obligations to the International Development Association (IDA), a subsidiary of the World Bank Group that provides concessional loans…
Browsing: Debt
Nigeria’s power sector is teetering on the verge of systemic collapse unless the government and electricity market stakeholders move swiftly…
The Federal Government has deducted N800 billion from state allocations to service Nigeria’s mounting foreign debt, a move that has…
Nigeria’s public debt-to-GDP ratio has dropped to 39.4% following the recent rebasing of the nation’s Gross Domestic Product (GDP), according…
Nigeria could see its public debt burden swell to as much as ₦160 trillion by year-end if current borrowing trends continue,…
The 51st Conference and General Assembly of the African Insurance Organisation (AIO) kicked off in Addis Ababa, Ethiopia, with a…
Nigeria’s public debt has surged by ₦57.3 trillion over the past 18 months, escalating from ₦87.38 trillion in June 2023…
Popular Canadian singer, Justin Bieber has come out to blast reports claiming he is broke and in debt. He recently…
Popular Nollywood actor and skitmaker, Mr Macaroni has come out to say that he incurred more than N500 million in…
The International Monetary Fund (IMF) has expressed concerns over Nigeria’s debt servicing burden, noting its significant impact on the country’s…
Former Minister of Education, Oby Ezekwesili has come out to slam the Presidency over the recent purchase of a new…
The Federal Government through the Central Bank of Nigeria has raised a total sum of N284.26bn in the latest Nigerian…
The Debt Management Office (DMO) of Nigeria has announced that the nation’s total public debt has increased significantly to N121.67…
The Federal Government has set aside N16.1 billion monthly for the settlement of N1 trillion debts owed by state governments.…
In a significant financial development, Ghana has successfully finalized a debt restructuring deal with its creditors, amounting to $5.4 billion.…
In a remarkable display of fiscal management, 11 newly elected governors in Nigeria have collectively achieved a noteworthy reduction in…
Infostride News reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is on the brink of suspending its operations…
Nigeria, under the leadership of President Bola Tinubu, has successfully secured a substantial sum of $2.7 billion in loans from…
Infostride News reported that Nigeria’s total external debt stock experienced a noteworthy decline of $1.57 billion in the third quarter…
Nigeria witnessed a staggering increase of 277.64% in external debt servicing during the third quarter of 2023, as revealed by…