Business National News

Nigeria’s debt rises by N2.38trn in 3 months, hits N31trn

Nigeria’s public debt rose by N2.381 trillion between March and June to hit N31 trillion, the Debt Management Office (DMO) announced on Wednesday. Meanwhile, the country expended $287,043.07 million on debt servicing within the same period. According to the report, the nation’s Public Debt Stock, which comprises the Debt Stock of the Federal Government, the […]

Africa News

Buhari seeks cancellation of African debts

President Muhammadu Buhari has seek cancellation of debts owed by African nations from the developed countries to enable them recover from the impact of the COVID-19 pandemic on their economy. Speaking at a UN-backed high-level meeting which held virtually, Buhari said global solidarity was the hope for humanity in this pandemic. He urged “developed countries” […]