NIGERIA'S federal government has announced plans to launch an auction for a combined sum of N150bn ($360m) in bonds through the local debt market as part of its programme to raise capital in a bid to meets its funding needs.
Die to take place tomorrow, the programme will see the government seek to woo investors who will...
NIGERIA spent a total of N445.4bn ($1.08bn) on debt servicing during the second quarter of 2021 according to statistics just published by the Debt Management Office (DMO) which show a massive increase in borrowing to fund the government's budget.
Hit hard by the coronavirus pandemic, Nigeria has had to borrow heavily over...
NIGERIA'S finance minister Zainab Ahmed has dismissed recent claims by Governor Godwin Obaseki of Edo State that the federal government printed N60bn ($157m) to help fund the 2021 budget saying such allegations were not only untrue but unfortunate.
Last week, Governor Godwin Obaseki of Edo State reported that Nigeria was in...
NIGERIA'S external debt-to-revenue ratio ballooned to 400% last year from 8% in 2011 as a result of increased federal government borrowing according to former Central Bank of Nigeria (CBN) governor Mallam Lamido Sanusi.
Warning that the level of borrowing is becoming alarming, Mallam Sanusi said Nigeria has a debt services...
NIGERIA'S Debt Management Office (DMO) has warned that the federal government is storing up problems for the future with its increased borrowing from the Central Bank of Nigeria (CBN).
As of December 2020, Nigeria's public debt was N32.9trn ($86.3bn) according to the most recent official data available. Of this total, ...
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