The rise, in the third quarter of 2022, of the country’s public debt to N1.2 trillion, which also rocketed the nation’s total public indebtedness to N44.06 trillion is driven by new borrowings by the Federal Government to part-finance the deficit in the 2022 Appropriation Act...
The Executive Director of Policy House International, Taiwo Akerele, has blamed excesses of state governors for the country’s increasing debt stock.
The Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili and his wife, Mrs. Njide Ndili, who were being prosecuted at
Moody’s Investors Service has downgraded Nigeria’s local currency and foreign currency long-term issuer ratings as well as its foreign currency senior unsecured debt ratings to B3 from B2,
Founder of Afe Babalola University (ABUAD), Ado-Ekiti, Chief Afe Babalola (SAN), has advised the Federal Government to establish a Special Debt Liquidating Fund for all patriotic Nigerians
21 Sep 2022
The Federal Government’s total debts and contingent liabilities have hit N60.9 trillion even as the figure could balloon to near N65 trillion before the end of the year, as President Muhammadu Buhari-led administration
22 Aug 2022
With personal incomes plummeting to frightening levels and survival buckling under spiralling inflation, borrowing to bridge the financial gap is more tempting for many households than any other time.
3 Jul 2022
The Debt Management Office (DMO) says revenue generation is a major constraint of the Federal Government and impacts the country’s debt situation negatively.
9 Jan 2022
Barely 16 months to the end of President Muhammadu Buhari’s second and final term in office, the window of opportunity to deliver the promised strong economy and secured nation is becoming narrow.
8 Dec 2021
The figures presented by the Debt Management Office as of March 2021 shows that Nigeria’s total debt stock is N33, 107trn. This comprises of debt stock of the Federal Government
23 Nov 2021
Initiative for Leadership and Economic Watch in Nigeria (ILEWN) has called on the Federal Government to expand the nation's revenue base by 30 per cent through tax collection to cushion
25 Oct 2021
The Fiscal Responsibility Commission (FRC) has raised concern over the increasing debt profile of states governments and continued funding of projects