Saturday, 25th March 2023
Breaking News:


11 Dec
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...
23 Nov
The Executive Director of Policy House International, Taiwo Akerele, has blamed excesses of state governors for the country’s increasing debt stock.
23 Oct
The Chief Executive Officer of Lionstone Offshore Services Limited, Mr. Amaechi Ndili and his wife, Mrs. Njide Ndili, who were being prosecuted at
23 Oct
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,
21 Oct
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


58 mins ago
Non-cash payments handled by Chinese banks continued stable expansion in 2022, with electronic payments sustaining growth momentum, a central bank report said.
1 hour ago
Midfielder Alex Iwobi says the Super Eagles are eager to redeem their image in their reverse fixture against the Wild Dogs of Guinea Bissau on Monday.
1 hour ago
An explosion at a chocolate factory in the US state of Pennsylvania has killed two people and left nine others missing, according to local media.
1 hour ago
An anonymous emergency telephone call on Friday led authorities to halt a train that contained a group of "suffocating" migrants, two of whom were dead, police in Texas said. The US Border Patrol stopped the train east of Knippa, a small community in southern Texas near the city of San Antonio, police said. "Approximately 15…
1 hour ago
The death toll from retaliatory US strikes on Iran-linked groups in Syria following a deadly drone attack has risen to 19, a war monitor said Saturday, as Washington insisted it is not seeking conflict with Tehran. Further rocket attacks by Iran-backed militias took place late Friday, prompting more strikes by coalition warplanes, the Syrian Observatory…