Debt

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…

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.…

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