Debt Archives — Page 2 of 2 — City Business News

October 27, 2021 No Responses

Bayelsa To Borrow N43.57b As Debt Hits N169b

The Bayelsa State Government plans to borrow N43.57 billion to augment the N310.7 billion proposed for the 2022 fiscal year as the state’s debt profile hits N169 billion. The borrowing plan is contained in the 2022 Appropriation Bill of the...

May 16, 2019 No Responses

CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and...

December 11, 2018 No Responses

Bi-Courtney: MMA2 Not Indebted To FAAN

Bi-Courtney Aviation Services Limited (BASL), operators of the domestic wing of Murtala Muhammed Airport Terminal Two (MMA2), Ikeja, Lagos, has denied owing the Federal Airports Authority of Nigeria (FAAN) about N1, 943,323,516.50. BASL, in a statement on Mond...

March 14, 2018 3 Responses

Nwankwo Tasks African Countries On Economic Transformation Through Debt Financing

Former Director General of the Debt Management Office (DMO) in Nigeria, Dr Abraham Nwankwo, has advised African leaders to initiate robust macroeconomic, transformation plans to drive debt-financed sustainable economic growth and prosperity. Speaking on the ...

August 14, 2017 No Responses

DMO boss seeks Editors’ support, explains focus on loan repayment, utilisation

The Director General of the Debt Management Office (DMO), Ms. Patience Oniha, at the weekend in Lagos s solicited the support of the media in informing Nigerians on the management of the country’s debt stock and government’s drive towards infrastructural.....

March 21, 2017 No Responses

Adeosun: FG complied with rules in disbursement of Paris club refunds

The Federal Government has consistently complied with all extant rules and regulations in the disbursement of Paris Club refunds to State Governments, the Minister of Finance, Mrs. Kemi Adeosun, has said. The minister also reaffirmed the commitment of the g...

November 23, 2016 No Responses

CBN implores FG on domestic debt

As part of measures to protect the integrity of the financial system, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to evaluate its domestic indebtedness and put modalities in place...

November 22, 2016 No Responses

FG expends N1.1tri on debt servicing in nine months

The Federal Government has spend not less than N1.1 trillion on debt servicing in the last nine months, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said. According to the minister, this also includes N44 billion...