Some public debts yet to be captured — Finance Minister, Ahmed
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Thursday, said there were debts owed by states and government enterprises that had not been captured. Ahmed made this known during a panel discussion on Debt Transparency at the ongoing World Bank/IMF Annual Meetings in Washington, United States. This revelation is coming two […]
Nigeria’s foreign debt stands at $22.08bn, local N3.48trn
The National Bureau of Statistics (NBS) says the country’s foreign debt stands at 22.08billion dollars.
National public debt rises to N22.7trn in Q1’18
Nigeria’s public debt rose by 4.5 percent to N22.7 trillion in the first quarter of 2018 (Q1’18) due to increased domestic borrowing by state governments and increased foreign borrowing by the federal government.
Debt, debt, debt everywhere and yet more debt
ON May 22 this year, the International Monetary Fund’s, Resident Representative for Nigeria, Amine Mati, expressed concern over Nigeria’s capacity to sustain a debt burden which has, reportedly almost double from N12.12 trn in June 2015 to N21.75 trn by December 2017.
Lagos debt profile stands at N874.4bn
Lagos State Government, yesterday, put its debt profile at the end of 2017 at N874.38 billion.
Woman pays N100 debt with 4-yr-old daughter
—A four-year-old girl, Uloma Igwe, was reportedly sold to a widow, Nwali Josephine, for N100 in Abakaliki, Ebonyi State.
