WORLD Bank officials have revealed that Nigeria and some other countries refused to participate in a temporary suspension of debt service payments due to concerns about future access to finance and credit-rating downgrades.
Like many other developing nations, Nigeria has seen her debts balloon due to the coronavirus pandemic...
NIGERIA'S senate has approved President Muhammadu Buhari's N2.34trn ($5.68bn) loan request to help fund the 2021 budget in recognition of the fact that the coronavirus pandemic has made it impossible for the government to generate revenue itself.
Effectively a mono-economy, Nigeria is wholly dependent on the receipt of...
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