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Nigeria external debt

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Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
News

Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
News

IMF Warns Nigeria’s External Debt Could Hit 25% of GDP by 2025

The IMF projects Nigeria’s external debt could reach 25% of GDP by 2025, raising concerns about fiscal sustainability and prompting calls for revenue diversification.

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Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
News

Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
News

FMDA forecasts 16.42 percent April inflation in Nigeria

FMDA projects Nigeria's headline inflation to rise to 16.42 percent in April from 15.38 percent in March as food and fuel prices climb.