The startling revelation that the Federal Government spent N2.34trillion out of a total sum of N3.25 trillion accrued revenue in 2020 on debt servicing, to put it mildly, shows a potent recipe for economic bankruptcy.
A lasting divide risk emerging between rich and poor countries if the rising debt burden of low-income and emerging nations is not tackled, a report warned Thursday...
Senate President, Ahmad Lawan, yesterday, admitted that the debt burden of about N32trillion on the economy is very high, but said “it is necessary to help build needed infrastructure for development.”
Despite the negative toll the debt profile is having on the Nigerian economy, the Debt Management Office (DMO) has insisted that the nation’s debt is still sustainable
Stakeholders are unsettled over the Federal Government’s plan to borrow a fresh $6.18 billion (N2.343 trillion) amid a rising debt profile, which may push the country’s debt to about N36 trillion...
The Ogun State Government has said that the debt figure given to it by the immediate past administration did not capture the entire liabilities left behind.
For Nigeria to attract the Foreign Direct Investment (FDI) needed to reduce public debt and shore up its debt to revenue ratio in a sustainable manner, the need to adopt a new economic model
26 Nov 2020
The Benue State government has approached the Supreme Court asking for a stay of execution of the judgment given by National Industrial Court (NIC).
11 Nov 2020
Jason Momoa opened up in an interview about being “completely in debt” after getting killed off the hit HBO series. He says he was in some serious debt after his character got killed off of “Game of Thrones,” revealing that he and his family “were starving.” In an interview published this week according to reports…
12 Oct 2020
The debt of the world's poorest countries hit a record $744 billion in 2019 prior to the coronavirus pandemic...
8 Oct 2020
The Federal Government says it remains committed to meeting the nation’s debt obligations as N3.12trillion is earmarked for debt service in the 2021 budget proposal.
27 Sep 2020
Even though Nigeria’s diaspora remittance has hit $114.07b (about N43.4t) in the last seven years, stakeholders, yesterday, insisted that the payment would drastically increase if prevailing challenges are addressed. The National Bureau of Statistics (NBS) had stated that remittances from Nigerians in Diaspora rose from $3.24b in 2013 to approximately $25.08b in 2018. The rise…