Debt

The federal government has begun negotiation with power Generation Companies (Gencos) in Nigeria, with a view to setting out modalities for gradual payment of N4 trillion owed them. A statement …

Nigeria’s total public debt rose to N144.67 trillion ($94.23 billion) as of December 31, 2024, reflecting a significant increase of 48.58% compared to N97.34 trillion ($108.23 billion) recorded at the end of December 2023. …

Nigeria spent $817.41 million on debt servicing as a total of $180.3 million was received as remittances in the first two months of the year. Whilst the amount paid to …

Yusuf Ishaku Goje According to the BudgIT’s State of States 2024 edition, Kaduna State is grappling with a staggering debt burden, mirroring the national trend. A startling 298.48% surge in …

Negotiators for the world’s largest economies reached broad consensus to back South Africa’s G-20 priorities, including addressing the worryingly high debt of African nations. The negotiators known as sherpas concluded …

The total debts of the 36 states in Nigeria rose to N11.47tn as of June 30, 2024, despite allocations by the Federal Accounts Allocation Committee (FAAC), and their respective internally …