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External Debt

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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NBCC targets increased membership in 2019

The Nigeria-British of Chambers and Commerce (NBCC) recently held its 41st Presidential dinner and awards in Lagos.
Babatunde Fashola- Minister Works, Power and Housing

Babatunde Fashola: Implementation of electrification plan delayed for 10 years

Minister of Power, Works and Housing, Babatunde Fashola, has said the implementation of the Strategic Rural Electrification Plan (SREP) was delayed for 10 years, leading to the setback in supplying rural communities with efficient power.
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UN: 30 milliom babies are born premature yearly

Nearly 30 million babies are born too soon, too small or become sick, requiring specialised care to survive beyond the first month of life, according to a new UN-backed report.

UN: One in every nine people suffers hunger globally

UN Deputy Secretary-General, Ms Amina Mohammed, has told a top panel on humanitarian aid that maintaining a “fire-fighting approach is not sustainable” in the long term.

Supreme Court fixes date to decide on Patience Jonathan’s accounts

The Supreme Court has reserved judgment till March 8, 2019, in the appeal lodged by wife of former President Goodluck Jonathan, Patience, contesting the powers of the Economic and Financial Crimes Commission (EFCC) to size funds in bank accounts that were linked to her.