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FG Puts Debt Stock At $83bn, Says Nigeria Not In Trouble

The Nigerian Government has put the total public debt stock of the nation at $83 billion. The Minister of Information and Culture, Mr. Lai Mohammed, disclosed this while addressing a press conference on Monday in Ikeja, Lagos State. He decried that the country’s debt stock was being misrepresented by those he described as scaremongers. According... Continue Reading →

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Nigeria, Others Pushed Global Debt To $188tn – IMF

Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s total public debt, which stood at N21.73tn as of December 31, 2017, rose to N24.39tn at the end of 2018, according to data from the... Continue Reading →

Despite $81bn Debt, Federal Govt Seeks Fresh $2.5bn Loan From World Bank

Despite a $2.4bn loan obtained by Nigeria in 2018, the World Bank has said it is in talks with Nigeria for a fresh loan of $2.5bn. Revealing this to Bloomberg on Wednesday, Vice-President for the African division of the World Bank, Hafez Ghanem, said: “we’re talking about a new set of programs of about the... Continue Reading →

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