Nigeria’s Debt

Judging President Buhari’s Eight Years Tenure By Numbers

On Monday, 29 May 2023, President Muhammadu Buhari handed over to President-elect, Bola Tinubu, ushering in a new administration. As Buhari draws the curtain on his eight-year tenure, Prime Business Africa looks beyond his self-praise and commendations from his cabinet and party

May 29, 2023

Business

KPMG Warns Nigeria’s N77.8 trillion Debt Will Cause Critical Financial Problems For Tinubu

KPMG, professional services firm, has warned that Nigeria’s debt burden could result in critical debt servicing problems during the administration of Bola Tinubu. In a report on Thursday, 18 May, KPMG said by the end of 2023, Nigeria’s debt profile will hit

May 19, 2023

Business

Buhari’s Minister, Zainab Ahmed, AfDB’s Adesina Clash Over Nigeria’s Debt Problem

The Minister of Finance, Zainab Ahmed, and the President of the Africa Development Bank (AfDB), Akinwumi Adesina, both disagreed over Nigeria’s debt situation. Both Ahmed and Adesina spoke about Nigeria’s over N42 trillion debt at the Nigeria International Economic Partnership Forum in

September 23, 2022

Business·Finance & Economy·News

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

The Debt Management Office (DMO) said petrol subsidy is reducing Nigeria’s revenue and increasing Nigeria’s debt, which rose from N39.56 trillion recorded at the end of December 2021, to N41.6 trillion at the end of first quarter 2022. Nigeria’s debt – the

August 25, 2022

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Business·News·Top Stories

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

The Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, can hit N50tn within the shortest possible time. The Chief Executive Officer,

April 5, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

Nigeria’s Debt Vulnerable, Costly – World Bank Alerts

The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According to the Washington-based global financial institution, the country’s debt is also at risk of becoming unsustainable in the event of macro-fiscal

January 4, 2022

DMO Raises ₦136bn In August Bonds As Investors Show Interest

Business

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

The Debt Management Office (DMO) on Tuesday, December 14, announced that Nigeria’s public debt was N38.005tn as of the end of the third quarter of 2021. DMO, in a statement titled, ‘total public debt for Q3 2021’, said the total debt figure

December 15, 2021

Finance & Economy

Finance Minister Says Nigeria’s Debt To GDP Still Low At 33%

Minister of Finance, Budget and National Planning, Zainab Ahmed, has claimed that Nigeria’s debt to GDP ratio is still low at 33 per cent Ahmed made this claim during an interview on Channels Television where she explained that the federal governments borrowing

November 15, 2021

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Judging President Buhari’s Eight Years Tenure By Numbers

KPMG Warns Nigeria’s N77.8 trillion Debt Will Cause Critical Financial Problems For Tinubu

Buhari’s Minister, Zainab Ahmed, AfDB’s Adesina Clash Over Nigeria’s Debt Problem

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

Nigeria’s Debt Vulnerable, Costly – World Bank Alerts

Nigeria’s Debt Rises By N2.54tn In Three Months – DMO

Finance Minister Says Nigeria’s Debt To GDP Still Low At 33%

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