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Gov Obaseki Declares Nigeria ‘Technically Bankrupt,’ Urges Immediate Restructuring

The Edo State Governor, Godwin Obaseki, has declared that Nigeria is “technically bankrupt” and called for urgent restructuring of the country to address the...

Business

Experts Kick As APC Govt Increases Nigeria’s Debt By N109.6tn In Nine Years

Nigeria’s public debt under the ruling All Progressive Congress (APC) rose by 903.9 per cent to an all-time high of N121.67tn ($91.46bn) as of...

News

SERAP Asks World Bank To Probe Alleged Corruption In Spending Of Loans Obtained By FG, States

The Socio-Economic Rights and Accountability Project (SERAP) has asked the World Bank Inspection Panel to probe allegations of corruption in the spending of the...

Business

SEC Urges Businesses To Adopt Sustainable, Climate-Friendly Solutions

The Director-General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has stated that the principles of sustainable finance will open a new vista...

Business

Tinubu’s Govt Borrowed N6.5tn In Three Months As Debt Hits N121.67tn

The Bola Ahmed Tinubu administration has borrowed N6.53tn between December 2023 and March 2024 including the securitasation of Ways and Means, according to data...

Business

Court Adjourns Suit Filed On Nigerians’ Behalf Against DMO’s Bid To Securitize N23trn Ways And Means Loan

The Federal High Court sitting in Abuja, Friday, fixed December 4 for continuation of hearing on a motion on notice seeking an interlocutory injunction...

Business

‘Investors Will Go To Ghana If We Fail To Fix Infrastructure’- DMO Seeks Subscribers For N150bn Sukuk Bond

The Director-General of the Debt Management Office, Patience Oniha, has said that more investors will dump Nigeria for Ghana if the country’s infrastructure is...

Business

DMO Invites Nigerians To Invest In FGN Bond With 12% Interest Rate

The Debt Management Office has opened the offer for subscription of two-year and three-year Federal Government of Nigeria bonds for October with an interest...

Business

Nigerian govt loses N2.34trn to debt service in six months, as loan burden grows

Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to...

Business

DMO says Nigeria’s total public debt increased by N37.53trn in 3 months

The Debt Management Office (DMO) has revealed that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter...

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