Budget Office suggests suspension of salary increases and fuel subsidy, to avert public debt crisis
The Federal Budget Office has advised Nigeria’s government to suspend salary increases for government agencies and eliminate the fuel subsidy ...
Tag: Debt Crisis
Reports: China may defer loans owed by Nigeria and others
The Chinese have always done their lending on the idea that individual projects contribute to structural transformation and economic development.
Nigerian banks at risk due to debts by independent oil producers
According to data from the Central Bank of Nigeria (CBN), about a third of loans by Nigerian banks were given ...
Vultures in flight: Should Nigeria consider suspension of sovereign debt payments like Argentina?
The vultures of finance at the center point of the COVID-19 pandemic causing significant economic damage around the world.
Debt crisis looms in emerging markets
Emerging market economies could begin defaulting on their bonds in the coming weeks,this is due to the COVID-19 pandemic.
Debts-Revenue Quagmire heightens, as 10 States in Nigeria owe N2.74 trillion
Ten states in Nigeria have accumulated biggest debt profiles above N100 billion each. Collectively, these highly indebted states owe both ...
Does Buhari’s new minimum wage approval mean “Nigeria is broke”?
After months of eager anticipation, hopes were not entirely dashed after President Muhammadu Buhari has finally approved the immediate implementation ...
State Governors parted with N33.9 billion to external debt deductions
While Nigeria’s debt profile hits a new high of N24.9 trillion in March 2019, state governors have parted with the ...
The crowding out effects of rising States’ debts: Why Nigerians should worry
The impact of government's debt size on a country's growth has been widely debated and this has generated rows among ...
Rejoinder to Kemi Adeosun: Walking into a debt crisis by @nonso2
If you have been observer of the Nigerian economy in the past few years you must have read about the ...
