Nigeria’s budget deficit and borrowing strategies
In June, the nation’s 2017 fiscal bill of N7.44 trillion (about $24.5 billion) was enacted into law. But in it, $7.5 billion (about N2.3 trillion is short of revenue target...
How DMO paid N4.8tr servicing domestic debt interest in five years
At the close of the first quarter of 2017, Nigeria’s domestic debt stock had climbed to N11.971 trillion from N6.201 trillion five years earlier in the year 2012 within the period under review.
Senate alleges government’s insensitivity to economic hardship
The brewing misunderstanding is coming as the Debt Management Office (DMO) told the Senate yesterday that Nigeria’s economic downturn had not reached the point of seeking debt forgiveness from creditors.
Nigeria to service $1b Eurobond with N361b
Nigeria is considering a new debt service provisioning of N361 billion ($1.2 billion) for the $1 billion (N305.1 billion) Eurobond which was acclaimed to have been over-subscribed.
Deploying drama to tackle recession, other critical issues
It is not always that we find a work of literary art being used to dispassionately dissect contemporary economic and social issues the way Dr. Abraham Nwankwo has done, using his book, Through the Storm (Evans Publishers, Ibadan).
Senate orders refund of N264b diverted from education fund
The Senate yesterday ordered the refund of N263,931,254,708.51 billion allegedly diverted from the Tertiary Education Trust Fund (TETFUND) by the Federal Government.
Nigeria can borrow a maximum of $22.08bn in 2017 - DMO
The maximum amount that Nigeria can borrow in 2017 from both local and foreign sources is $22.08 billion without it violating its debt threshold, the Debt Management Office (DMO) said.
Till debt tears Nigeria apart
This is another wild goose chase by the APC-led Federal Government to fix the economy because they are creating the same scenario as we read in William Shakespeare’s classic play, The Merchant Of Venice.