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Tag "debt service"

‘It’s just a fraud’ — Atiku vows to remove petrol subsidy if elected president

    ‘It’s just a fraud’ — Atiku vows to remove petrol subsidy if elected president

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says he would engage creditors to seek “cancellation or forgiveness” to address the country’s foreign debt profile. Abubakar said this

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LCCI advocates asset-linked debt to ease servicing burden

    LCCI advocates asset-linked debt to ease servicing burden

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to replace Nigeria’s existing borrowings with asset-linked debt to ease the nation’s huge servicing burden. The federal

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IMF: Over 50% of Nigeria’s revenue is used to service debt

    IMF: Over 50% of Nigeria’s revenue is used to service debt

Amine Mati, International Monetary Fund (IMF) senior resident representative for Nigeria, says more than 50 percent of Nigeria’s revenue is used to service the country’s debt He made the remark during a

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National Assembly transmits 2014 budget to Executive

    National Assembly transmits 2014 budget to Executive

The 2014 budget passed two weeks ago by the Senate and the federal House of Representatives respectively has been transmitted to the Executive by the National Assembly. The budget as

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