Petrol: Nigeria’s Debt to Traders Rise to $6 billion
Key Points Nigeria’s debt to petrol suppliers has ballooned to over $6 billion, leading some traders to stop supplying fuel
Samuel Bolaji July 5, 2024
- September 8, 2024
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Key Points Nigeria’s debt to petrol suppliers has ballooned to over $6 billion, leading some traders to stop supplying fuel
Key Points Nigeria’s recurrent spending has significantly increased, creating an infrastructure gap. Debt repayment currently exceeds both recurrent and capital
Key Points The All-Commodity Group Import Price Index increased by 0.51% on average in Q1 2024. The All-Commodity Group Export
Nigeria has officially requested an 18-month extension on the World Bank’s $800 million palliative loan to bolster its social safety
Nigeria’s letter of credit payments has descended rapidly by 63 per cent in the first quarter of 2024 compared to
The World Bank has been requested by the Socio-Economic Rights and Accountability Projects (SERAP) to immediately halt any additional loans
The current administration led by President Bola Tinubu has, since its first day in office, embarked on some laudable measures
Mobilizing Diaspora Bonds, ramping up crude oil production and providing the enabling fiscal/monetary policy framework are key steps the government
According to traders and executives who spoke to Reuters, Nigeria has accumulated debts of up to $3 billion to commodity
On Thursday, the Debt Management Office announced that Nigeria’s public debt stock had risen to N46.25tn or $103.11 billion as
On the 16th of January 2023, the Debt Management Office released the bond issuance calendar for the First Quarter of
“The country’s debt profile under President Buhari is in stark contrast with that of President Olusegun Obasanjo who met a
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