Is Africa sinking lower into debt quagmire?
DEBT IN AFRICA has become an issue and a recurring decimal. A one-off mention of it will be insufficient to ...
Saturday, May 30, 2026
Tag: Debt
Fresh loan may raise Nigeria’s debt servicing to N3tr
The nation’s budgetary provisions for debt servicing could rise to N3 trillion if the federal government goes ahead with its ...
FG plans N4.6trn borrowings, debt to hit N30trn
The federal government is planning to borrow fresh N4.6 trillion within the next three years, covering 2020 to 2022, to ...
BudgIT: FG spent N2.1trn on debt servicing in 2018
The federal government’s personnel cost has risen from N1.8 trillion to N2.1 trillion, even without the full implementation of the ...
Nigeria’s problem is revenue, not debt — Finance minister
Zainab Ahmed, minister of finance, has said that Nigeria did not have a debt problem, despite misgivings amongst experts over ...
3,891 debtors owe banks above N1bn each
About 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector. ...
South-West tops domestic debtors’ list with N1.04trn
The South-West has more domestic debt than other regions of the country. Statistics obtained from the Debt Management Office on ...
DMO: Nigeria is most indebted to China at $2.554bn
Chinese credit accounts for 80 percent of all bilateral loans to Nigeria, according to data from the Debt Management Office ...
FG spent N610.2bn servicing N13tn domestic debts in Q1
Within a three- month period, covering January to March this year, the federal government spent the sum of N610.2bn paying ...
External debt rises by $15.3bn under Buhari
The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, ...
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