NIGERIA SPENT 83% OF ITS EARNING, TOTALING 993BIL NAIRA ON DEBT SERVICING IN THE FIRST QUARTER OF 2021- DMO

Nigeria spent almost N1tn on debt servicing payments in the first quarter of this year, the latest data obtained from the Debt Management Office have shown. The DMO had on…

SEE PICS FROM STYLIST, TOYIN LAWANI’S TRADITIONAL WEDDING TO SEGUN WEALTH

Toyin Lawani and Segun Wealth By Taiwo Okanlawon Toyin Lawani, Nigerian fashion entrepreneur and celebrity stylist and her husband Segun Wealth had their traditional wedding Saturday, June 12. The Yoruba…

NIGERIA’S DEBTS GETTING OUT OF CONTROL SAYS EL RUFAI

Nigeria’s debt is getting out of control and the country has to do something about it, the Governor of Kaduna State, Nasir El-Rufai, said on Thursday. He said the country’s…

LET THE BORROWING BINGE STOP- PUNCH EDITORIAL

THE country is sinking deeper into the debt peonage. The Lagos Chamber of Commerce and Industry recently joined other observers to highlight this, deploring the Federal Government’s recourse to borrowing…

AGAIN BUHARI SET TO TAKE ANOTHER 4.28TRILLION NAIRA LOAN, FOR 2021 BUDGET

The Federal Government has proposed N12.66tn as aggregate expenditure for the 2021 fiscal year on a deficit of N5.16tn. It would be partly financed by a total loan package of…

DETAILS OF HOW BUHARI WILL.SPEND 22.7BIL DOLLAR LOAN, NTA TO GET 500MIL DOLLARS FOR DIGITALISATION

The senate has approved President Muhammadu Buhari’s $22.7 billion loan request — years after it was rejected by the previous assembly. At its plenary session on Thursday, the upper legislative…

NIGERIA LOOKING FOR 1BIL DOLLAR LOAN TO BOOST AGRICULTURE SAYS MINISTER

The Minister of Agriculture and Rural Development, Sabo Nanono, says the federal government will obtain $1 billion from foreign banks to purchase farming equipment for local farmers in the country.…