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External Debt

Kenya shops for $1 billion loan to pay debt

Kenya has begun shopping for $1 billion loan through a syndicated outlets – three commercial lenders – being arranged by the Trade and Development Bank and Standard Bank.

NBS: Lagos’ total debt profile hits N1.04 trillion

Lagos’ total debt profile has risen to N1.04 trillion, report from the National Bureau of Statistics, NBS, has revealed.
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Expert: No cause for worry over Nigeria’s debt

A Financial Expert, Rasheed Yusuf, on Tuesday said Nigerians should not be unduly disturbed by the country’s debt profile under the administration of President Muhammadu Buhari because it was tied to infrastructural development.

DMO: Lagos has highest foreign debt portfolio

Lagos State, the commercial nerve-center of Nigeria, has retained its position as the state with the highest foreign debt in the country, with a foreign debt put at 1.45 billion dollars as at June 30.

DMO: Nigeria’s debt hit N22.7trn in Q1 2018

Nigeria’s total debt rose slightly by 4.5 percent to N22.7 trillion in the first quarter of 2018, the country’s debt management office (DMO) has said.

Budget Office: Federal government spent N4.3 trillion to service debt in three years

The Federal Government spent a total of N4.3tn to service the country’s debt obligations to local and foreign debtors between January 2015 and September 2017, figures obtained from the Budget Office on Friday showed.

Experts express concern over federal govt’s proposed $5.5bn loan

Nigerians, especially economic experts, on Monday expressed concern over the Federal Government’s intention to borrow 5.5 million dollars to fund some capital projects captured in the 2017 budget.

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General Buratai: Terrorism a complex war

The Chief of Army Staff (CoAS), Lieutenant-General Tukur Yusuf Buratai, has described the fight against terrorism as a complex one.

Court orders businessman to cut grass for seven days

Chief Ademola Odunade, the President of a Mapo Customary Court in Ibadan, on Tuesday ordered a businessman, Saheed Ajani, to cut grass for seven days for being disrespectful to the arbitrator.
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Niger APC abandons Mohammed Bago for Femi Gbajabiamila, Ahmed Lawan

The All Progressives Congress (APC) and members-elect of the House of Representatives in Niger State have dashed the hope of member representing Chachanga constituency Mohammed Bago of becoming the Speaker of the House of Representatives.
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Arsenal’s Unai Emery doesn’t expect easy ride at Wolves

Unai Emery has warned Arsenal not to expect an easy ride from Wolves on Wednesday as the Gunners look to get their top-four bid back on track.
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General Buratai: Army pushing hard to stabilise North East

Chief of Army Staff (COAS), Lieutenant General Tukur Buratai, has said that the Nigerian Army in collaboration with the Multi-National Joint Task Force is pushing hard to ensure stabilility in the Northern part of Borno.