NIGERIA has been warned that she risks losing several key national assets to China in the event that the country defaults in paying back loans obtained from Chinese banks which is currently put at $3.48bn.
According to economists and financial experts, Nigeria is dangerously exposed to Chinese banks as a result of her...
NIGERIA'S Debt Management Office (DMO) has warned that the federal government is storing up problems for the future with its increased borrowing from the Central Bank of Nigeria (CBN).
As of December 2020, Nigeria's public debt was N32.9trn ($86.3bn) according to the most recent official data available. Of this total, ...
NIGERIA'S foreign loans are set to grow by $5.3bn this year after the country's Debt Management Office (DMO) revealed that fresh sums totalling that amount have been approved but not yet disbursed to the recipient departments.
As a result of the global economic collapse precipitated by the coronavirus pandemic, Nigeria has...
NIGERIA could be severely hit financially by the fact that China has drastically curtailed the overseas lending programme of its two largest policy banks after nearly a decade of ambitious growth which at its peak rivalled that of the World Bank.
Like most developing nations, Nigeria has benefited from Chinese loans over...
