Tag: Nigeria Debt

DMO: Tinubu Inherited N87.38tri Debt
January 29, 2025 No Responses

DMO: Tinubu Inherited N87.38tri Debt

President Bola Tinubu’s administration inherited a total of N87.38 trillion debt upon assumption of office on May 29, 2023, the  Debt Management Office (DMO) has disclosed.  The DMO revealed the above in a bid to clarify recent media reports claiming...
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CBN Clears FX Transactions Backlog
March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...
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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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