Tag: Borrowing

Nigeria Ends Borrowing
August 29, 2023 No Responses

Nigeria Ends Borrowing

The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this...
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World Bank Implores Nigeria On Borrowing From CBN
July 28, 2023 No Responses

World Bank Implores Nigeria On Borrowing From CBN

To reduce inflationary pressure on the economy, the World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on Thursday during an economic review session...
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Okonjo-Iweala Cautions Nigeria On Debt Service To Revenue Ratio
May 16, 2023 No Responses

Okonjo-Iweala Cautions Nigeria On Debt Service To Revenue Ratio

The Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, on Monday described Nigeria’s debt service to revenue ratio as alarming. Dr. Okonjo-Iweala, who spoke at the Nigeria Governors’ Forum (NGF) 2023 induction for newly elected gove...
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Economist Tasks FG On Production, Borrowings
January 18, 2023 No Responses

Economist Tasks FG On Production, Borrowings

The Managing Director/Chief Economist at Analysts Data Service and Resources Limited,  Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade-industrial policy and borrow innovatively for Ni...
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DMO Releases FG’s N720b Q2 Borrowing Plan
April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’.  ...
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World Bank Approves $400m Credit For Nigeria
October 2, 2021 No Responses

World Bank Approves $400m Credit For Nigeria

The World Bank’s Board of Directors has approved a $400 million credit for Nigeria from its International Development Association (IDA) for COVID-19 vaccine acquisition.   A statement issued on Friday, in Washington, explained that the&nb...
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Labour Cautions Nigerian Govt On Debt Profile, Borrowing
May 2, 2019 No Responses

Labour Cautions Nigerian Govt On Debt Profile, Borrowing

Organised labour in Nigeria has again cautioned the Federal Government on the nation’s rising debt profile, “resulting from government’s unsaturated appetite for borrowing and foreign loans.’’  The President of the United Labour Congress (ULC), ...
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