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Foreign Debt

Senate: Why we’ve not acted on $2.5 billion Eurobond request from President Buhari

The Chairman, Senate Committee on Local and Foreign Debts, Shehu Sani, says his committee is yet to receive any letter from the Presidency to the Senate on the $2.5 billion Eurobond.

Economist raises the alarm over looming fiscal challenge

An economist, Mr. Opeyemi Agbaje, has raised the alarm over what he described as a looming fiscal challenge, saying the country’s current debt profile, particularly the foreign component, portends a looming fiscal challenge to the economy.

Foreign debt payment to gulp $11.62bn in 10 years – DMO

Nigeria may have to grapple with the payment of $11.62bn in foreign debt in the next 10 years, a projection of the Debt Management Office has shown.

Recent Stories

Ruben Loftus-Cheek made a good impression during his 10 minutes off the bench against Tunisia. Photograph- Eddie Keogh for FA:Rex:Shutterstock

Ruben Loftus-Cheek threatens to quit Chelsea if not guaranteed first-team role

The 22-year-old has made 31 appearances for the Blues since making his debut in December 2014, 19 coming as a substitute, and the lack of opportunities led to him spending last season on loan at Crystal Palace.
Hugo Ayala celebrates with fans after Mexico's win over Germany.

FIFA fines Mexico over homophobic chants at World Cup

Mexico have been fined 10,000 Swiss francs (£7,600) after their supporters were found guilty of making "discriminatory and insulting chants" during the first half of their 1-0 win over Germany on Sunday.
Spain's new boss Fernando Hierro

Spain boss Fernando Hierro says ‘I’m the new coach, get used to that!’

Celebrating a first win just one week into the job, Spain's new boss Fernando Hierro said he was happy with the narrow 1-0 defeat of Iran, while adding that people had better get used to him being in charge.
The MD:CEO Guaranty Trust Bank Plc, Mr. Segun Agbaje with Winner of the contest, Kukogho Iruesiri Samson

‘Decade Old Story’ wins GTBank’s dusty manuscript contest

A manuscript written almost ten years ago has been selected as the winner of the Dusty Manuscript Contest; a Prize organized for budding Nigerian writers.

World Cup: Nigerian enters Finland illegally from Russia

A yet to be identified Nigerian was among five persons who entered Finland illegally with the help of World Cup identity papers.