Nigerian government spends N1.02 trillion on debt servicing in Q1 2021

Nigeria spent a sum of N1.02 trillion on servicing domestic and foreign debts in the first quarter of 2021

FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

FAAC disburses N601.1 billion to FG, States, and Local Govts in December 2020

February 11, 2021

The Federation Account Allocation Committee disbursed the sum of N601.11 billion to the three tiers of government in December 2020.

Vultures in flight: Should Nigeria consider suspension of sovereign debt payments like Argentina?

by Olumide Adesina

April 23, 2020

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The vultures of finance at the center point of the COVID-19 pandemic causing significant economic damage around the world.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN pays $4.45 billion external debt to World Bank, others in 2-month

by Bamidele Samuel Adesoji

March 24, 2020

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Latest data obtained from the CBN reveals that Nigeria paid a whopping sum of $4.45 billion as external debt service/payment ...

States receive N2.53 trillion allocation in 2019

by Bamidele Samuel Adesoji

January 15, 2020

5

State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).

African Development Bank, Process and Industrial Development, P&ID court case against Nigeria, President Muhammadu Buhari | Federal government, external debt serving

Nigeria paid N293 billion to service external debt in half year 2019

by Bamidele Samuel Adesoji

July 29, 2019

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Nigeria's external debt serving has hit a new height in half-year 2019 as the latest figure obtained from the shows ...

President Buhari Inaugurates National Economic Council, National Economic Council, State Governments seek refund over repaired federal roads

State Governors parted with N33.9 billion to external debt deductions

by Bamidele Samuel Adesoji

July 14, 2019

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While Nigeria’s debt profile hits a new high of N24.9 trillion in March 2019, state governors have parted with the ...

FGN Bonds record first undersubscription in 2 years, More borrowing expected as DMO’s Oniha explains President Buhari’s thirst for loan , DMO Takes advantage of MPR cut, issues a total of N103.81 billion, DMO offers N50 million worth of FGN savings bond for subscription.

FG spent highest on commercial loans in servicing external debt in Q1 2019

by Damilare Famuyiwa

July 12, 2019

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According to data obtained from DMO, commercial loans gulps 58.99% of the $357.26m the Federal Government spent on debt servicing ...

Nigeria’s total debt stock rises to N24.9 trillion

by Bamidele Samuel Adesoji

July 10, 2019

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Nigeria’s total debt stock rose to N24.9 trillion or US$81.2 billion as of the end of March 2019. This is ...

Investors oversubscribed FGN Bond, Patience Oniha,

REVEALED: States’ total debts hit N5.15tn in 2018

by Bamidele Samuel Adesoji

April 9, 2019

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Once government debt reaches a certain size, it really drags on long-term economic growth. It can also drag on the ...

Tag: External Debt