Aso Villa, DHQ, CBN face disconnection over N47bn debt
No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn, THE PUNCH reports. According to a…
Kano Fire Service rescues man from committing suicide over N2 million debt
The Kano State Fire Service successfully averted a tragic incident on Thursday by rescuing a 37-year-old man who was on the verge of committing suicide by hanging himself…
Naira plunges to 1082/$ despite CBN’s $2bn debt repayment
The Nigerian naira has experienced a significant depreciation of 26.36 percent against the US dollar at the official Investor and Exporter window of the foreign exchange market. This…
Tinubu clears Super Eagles allowance arrears
President Bola Tinubu has taken a major step in resolving a crucial financial issue by settling the N12 billion debt owed to the Super Eagles and other national…
Tax Professionals Charged On Nigeria’s Rising Debt, Declining Revenue
The Chartered Institute of Taxation of Nigeria (CITN) has inducted 680 new tax professionals. The institute tasked them to brace up for the challenge of ending country’s revenues…
World Bank Releases Report as FG Spends N96 Out of Every N100 of Its Revenue to Repay Debt
World Bank has revealed that Nigeria spends 96.3 percent of government revenue on servicing debt in 2022. The global financial institutions stated this Macro Poverty Outlook for Nigeria:…
Ubi Franklin Reacts To Debt Allegation
The Triple MG founder, Ubi Franklin has been called out by a Twitter user, Orebanz, for owing her for the services she rendered.Information Guide Nigeria Orebanz, who is…
Nigeria spend N3.63trn on debt servicing in 2022
The Nigerian government has spent N3.63 trillion on servicing its external and domestic debts in 2022. This was contained in a data obtained from the Debt Management Office…
DMO reveals why FG’s debt is rising
The Debt Management Office, DMO has attributed Nigeria’s growing debt stock to budget deficits, continuous issuance of promissory notes and other borrowings as well as low revenue generation….
New borrowings shoot Nigeria’s debt to N46.25 trillion
The Debt Management Office (DMO), has disclosed that Nigeria’s total debt stock, as of December 31, 2022, currently stands at N46.25 trillion or $103.11 billion.Information Guide Nigeria According…