Fiscal irresponsibility: FG to pay 153% interest on external debt
The Federal Government’s inability to service Nigeria’s external debt has increased interest on principal by 152.29 percent, according to the Debt Management Office (DMO).
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Nigeria in fiscal crisis as president-elect, governors face N70tn debt
An analysis of the bi-annual data showed that Taraba State increased its external debt by 108.57 percent. Adamawa, Ogun, and Osun states also saw rises in their external debts.
EXCLUSIVE: Inside China’s $6.5 billion loans to Nigeria since 2002
The EXIM Bank of China is Nigeria’s biggest bilateral creditor in nearly 2 decades, having lent the African largest economy $6.5 billion (or N1.9 trillion) since 2002, analysis of official disclosures exclusively obtained by PREMIUM TIMES has shown.