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External borrowing

Funding infrastructure with external loans blamed for problems in Nigeria’s education, health sectors

AN economist has blamed the Nigerian government's reliance on external loans to fund infrastructural projects for problems in the country's education and health sectors. Nigeria's...

Nigeria’s debt profile now over N20 trillion, says Debt Management Office

The Debt Management Office says Nigeria’s total debt stock stood at N20.37 trillion as at September 30 this year. This represents a 3.6 percent increase...

Buhari seeks Senate approval to borrow $3 billion

President Muhammadu Buhari wants the Senate to approve the borrowing of $3 billion which he said would be used to refinance the country’s maturing...
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Whether or not you read this, you still owe ₦102,000

By Saatah Nubari It was Fela Kuti who said “Trouble sleep, Yanga go wake am.” Wise words from a decent man I must add, but...

I don’t see anything wrong with Nigeria borrowing, says auditor-general of the federation

  Anthony Ayine, Auditor-General of the Federation, says there’s nothing wrong with Nigeria’s current rate of borrowing, since it is still within the minimum international...

Rejection Of Executive Proposals: Saraki, Buhari In Closed Door Meeting

Following the recent misunderstanding between the Executive and the Legislative arms of government, which has seen the Senate reject two important documents forwarded to it by President Muhammadu Buhari, Senate President Bukola Saraki on Friday visited the Aso Rock Presidential to have a chat with the President.
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Again, Senate Rejects Buhari’s MTEF Document

The Senate on Thursday rejected the 2017-2019 Medium Term Expenditure Framework, MTEF, as well as the Fiscal Sustainability Paper, FSP, forwarded to the upper legislative chamber by President Muhammadu Buhari.

Buhari To Re-Present Borrowing Proposal To Senate

Following Senate’s rejection of the external borrowing proposal from the presidency on Tuesday, the ministries of Finance and Budget and National Planning as well as the Debt Management Office, DMO, have commenced plans to represent the matter to the senate in a more detailed manner.


Wike dissolves cabinet, sacks Chief of Staff

Rivers State Governor Nyesom Wike has dissolved the State Executive Council (SEC). The governor's spokesperson Kelvin Ebiri announced the development...

2023: Ondo senator loses re-election bid, blames Mimiko

PATRICK Akinyelure, a two-term senator representing Ondo Central Senatorial District at the National Assembly, has blamed a chieftain of...

Claim that Sokoto govt approved death penalty law for blasphemy is FALSE

MULTIPLE posts circulating on social media claimed that the Sokoto State Government has enacted a law, approving the death...

NDU protest : Four years after, Amassoma community remember victims of police brutality

By Etete Godson Families and victims of police brutality Monday, went on a rally to commemorate the fourth remembrance annievasry...

Strike: Staff unions kick as EKSU announces resumption of academic activities

THE Governing Council of the Ekiti State University, Ado-Ekiti (EKSU), has approved today, May 24, for the resumption of...
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