Browsing Tag
Debt
17 posts
Nigerian Government Rebuts Claims of Excessive ₦80 Trillion Debt Under Tinubu
Finance Minister Taiwo Oyedele clarified to the Senate that recent increases in Nigeria's debt figures are largely due to currency adjustments and the recognition of past obligations rather than new borrowing.
New Regulations Imposed on Buy Now Pay Later Services
New FCA regulations for Buy Now Pay Later services provide consumers with stronger protections and refund rights, but stricter affordability checks could lead to more loan rejections.
World Bank: Nigeria Faces Revenue Shortfalls Rather Than a Debt Crisis
The World Bank asserts that Nigeria's fiscal issues stem from low revenue generation rather than excessive debt, advocating for improved collection to ensure long-term economic stability.
Atiku Attacks Tinubu Administration Over Power Sector Debt Discrepancies
Atiku Abubakar has accused the Tinubu administration of financial dishonesty regarding power sector debts, citing claims from electricity generation companies that promised bond funds remain unpaid.
Atiku Abubakar Calls for Audit of Government Power Sector Bonds
Atiku Abubakar has demanded an audit of the federal government's power sector funds, citing contradictions between official claims and reports from power generation companies regarding unpaid debts.
Five Nations in Africa Rank Among Largest Debtors to IMF
New IMF data reveals five African countries are among the ten largest borrowers globally, while Nigeria remains outside the top list despite its own escalating debt obligations.
Government and Power Producers Remain at Odds Over Unpaid Electricity Debt
The Nigerian government and electricity generation companies are in dispute over a massive debt crisis, with the state claiming to settle N4 trillion in arrears while producers insist the debt has hit N7 trillion.