Debt

Nigeria-founded IHS Towers has increased its tower asset ownership in Brazil to 7,000 with the acquisition of additional 2,115 Towers in the South American country. The purchase price of…

Nigeria accumulated N2.540 trillion additional debt within the third quarter of the year, bringing total public debt stock to N38.005 trillion by end September, 2021. This is contained in…

Nigeria’s external reserves owe much of its growth to the development at the international crude oil market. Other sources of impact in external reserves include foreign remittances and…

The debt burden of the world’s low-income countries rose 12 percent to a record $860 billion in 2020, according to a new World Bank report. Debt reduction, restructuring, and transparency…

The federal government plans to spend 35.60 percent of projected revenue in the 2022 budget to service debt. The 35.60 percent earmarked for debt servicing represents N3.61 trillion of…

The Federal Government spent N74 out of every N100 earned servicing debt between January and August 2021, according to fresh data provided by Zainab Ahmed, minister of finance, budget and…

In the last six years, the federal government of Nigeria’s spend on infrastructure which is also part of its economic growth and recovery plan (EGRP) has yielded 13,000 kilometres of roads…

In recent times, there have been national debates on similarities in the current borrowing behaviour of the Nigerian government and its rising debt profile with that experienced in the 70’s.…

TrustBanc Holdings Limited (TrustBanc), the parent company of four regulated financial services companies, has said it has successfully closed its Series 2 Commercial Paper (CP) issue for a…

In 1923-24, our British colonial overlords took the first ever loan on behalf of Nigeria, in the sum of £5.7 million. With an interest rate of 2.5% payable over 20 years, the loan was…