The federal government’s debt service to revenue ratio has increased to 183 percent in the first quarter of 2023. This information was revealed in the budget implementation report for the same period.The report highlights that the government had initially budgeted…
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it has paid an insured sum of N1.084bn to 29,573 depositors of MFBs, MPBs. The payment follows the revocation of licenses for 179 Microfinance Banks and 4 Primary Mortgage Banks by…
By Sodiq Adelakun The International Monetary Fund (IMF) has stated that Nigeria’s total debt of over N87 trillion is still at a moderate level compared to other countries. The IMF Resident Representative in Nigeria, Ari Aisen, emphasized the need for…
