Policy

Nigeria mulls NGN8.6 trillion for 2018 budget
Policy

Nigeria mulls NGN8.6 trillion for 2018 budget

Africa’s largest economy, Nigeria, has released its estimate for its 2018 budget which might be in the region of about NGN8.6 trillion. This is a record 15.5% increase on a year on year basis. Using real-time exchange rate, the government plans to spend USD27.34 billion. According to a draft of […]

Nigeria to sell USD2.5 billion Eurobond
Policy

Nigeria to sell USD2.5 billion Eurobond

In its ambition to fund its budget deficit, Nigeria, Africa’s largest economy said it will be selling USD2.5 billion Eurobond. Disclosing the plan to Reuters, Patience Oniha, the director-general of the Debt Management Office, said the Eurobond sale will be carried out in the middle of November. Nigeria’s economy slipped […]

Debt forces Nigeria out of 90 World Organizations
Ination

Debt forces Nigeria out of 90 World Organizations

The Federal Government of Nigeria confirmed that the country has pulled out of 90 world organizations. Nigeria currently owes the organizations over USD100 million and its failure to meet the obligations has caused the country embarrassment, hence it has to pull out. As part of plans for the country’s exit […]