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FG’s borrowing is for the benefit of Nigeria –Senate

THE Nigerian Senate has shown its support for the most recent loan of $4.054bn and €710m ($839m) request by President Muhammadu Buhari. The Chairman of...

Each Nigerian owes N157,906 as debt stock rises to N33.1trn

EVERY Nigerian currently owes about N157,906.30 in terms of debt per capita as the country’s total public debt hits N33.1 trillion at the end...

Nigeria was not completely debt free in 2007, as claimed by Atiku Abubakar

FORMER Vice President, Atiku Abubakar, on Friday, stated that Nigeria experienced an unprecedented economic boom with a 6 per cent annual growth and paid...

Nigeria’s debt hits N31trn as DMO says it expects debt stock to grow

THE Debt Management Office (DMO) in a report released on Wednesday says Nigeria’s total public debt stock is now N31.009 trillion ($85.897 Billion) as...

FG bond allotment rate drops significantly in February- DMO

THE February 2020 Federal Government bond allotment by the Debt Management Office (DMO) recorded a significant decline compared to the January bond auction. A statement...

Nigeria plans fresh $3.3 billion Eurobond sale

AFTER staying away from the international debt market for one year, Nigeria plans to issue a $3.3 billion Eurobond sale, according to Bloomberg. President Muhammadu...

FACT CHECK: Akeredolu’s govt lies about reducing debt

THE ONDO State Government led by Rotimi Akeredolu claimed it inherited a total debt of N220 billion from the previous administration of Olusegun Mimiko....

Recent

Biden nominates Nigerian-born lawyer, Titilayo Ebong, as director of trade agency

  UNITED STATES President Joe Biden has nominated Nigerian-born Enoh Titilayo Ebong as director of the United States Trade and...

Oyo: Gunmen free prisoners in Nigeria’s third major jailbreak in 2021

GUNMEN broke into the correctional facility in Abolongo, Oyo State, on Friday night, releasing several inmates. The gunmen had attacked...

ICIR-funded report emerges overall winner at 2021 WAMECA

AN investigative report commissioned by the International Centre for Investigative Reporting (ICIR) has emerged the overall winner at the...

Buhari considers posthumous pardon for Saro-Wiwa, eight others killed by Abacha

  IN an attempt to appease the Ogoni people of Rivers State for long years of deprivation, injustice and neglect,...

Again, FG accuses National Assembly member of sponsoring Igboho

  THE Attorney General of the Federation (AGF) and Minister of Justice Abubakar Malami has accused an unnamed member of...
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