Loans

FG owes CBN N15.51tn, borrows N14.86tn under Buhari’s Regime

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The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown.The N15.51tn owed by the Federal Government to the central bank is not part of the country’s total public debt stock, … [Read more…]

FG hires JP Morgan, others on $6.2bn fresh borrowing

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FG hires JP Morgan, others on $6.2bn fresh borrowing The Federal Government of Nigeria has appointed transaction advisers to facilitate the issuance of Eurobonds in the international capital market. This was contained in a press statement titled ‘Towards financing the 2021 Appropriation Act – FGN appoints transaction advisers for a Eurobond issuance’, which was made … [Read more…]