Friday, March 6, 2026
2018: Lagos has highest foreign debt profile, Yobe lowest —NBS
The National Bureau of Statistics said Nigeria’s foreign debt stood at 25.27 billion US dollars as at 31st December, 2018....
Read moreDetailsTurkey to inject $4.9 billion into state banks in economy reform package
Turkey pledged on Wednesday to boost the capital level of banks and relieve bad debts in a sector left reeling...
Read moreDetailsNigeria’s inflation falls, amidst rising food prices
In sharp contrast to analysts' forecast, Nigeria's annual inflation rate declined marginally to 11.26 per cent in October 2018 from 11.28...
Read moreDetailsLagging revenues from sectors masks Nigeria’s diversified economy, says Agusto & Co analyst
Jimi Ogbobine, lead researcher at Agusto & Co, has downplayed the argument for the need to diversify Nigeria’s economy, saying...
Read moreDetailsFG owes 81% of Nigeria’s $22bn external debt – DMO
Nigeria’s Debt Management Office (DMO) says the federal government is accountable for 81 percent of the total debt owed externally...
Read moreDetailsPetra Diamonds sees brighter 2018 after warning of debt breach
A possible breach of its banking agreements does not pose a big risk to Petra Diamonds because its finances will...
Read moreDetailsWorld Bank clarifies stance on Nigerian debt, says at no time did it disagree with govt on borrowings
The World Bank Group on Wednesday denied that the Bank disagreed with the Minister of Finance, Kemi Adeosun, over the...
Read moreDetailsNigeria’s debt office to sell N135bn bonds next week
Nigeria’s debt management office (DMO) Tuesday indicated its planned auction of N135 billion ($442 million) in bonds next week. The...
Read moreDetailsNigeria’s FG, states’ public debt stock hits N19.6trn, says DMO
Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion,...
Read moreDetailsDufil, privately held Nigerian noodle firm, to raise N40bn from debt market
Nigeria-based West Africa leading noodle company, Dufil Prima Food, is putting finishing touches to its plans to raise N40 billion...
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