Browsing: Federal Government of Nigeria
2020 Budget: Debt Service Cost Includes Capital Repayment, Interest – FG. The Federal Government has said debt service provision in the 2020 budget includes capital repayment, interest obligations and other charges.
Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.
Federal Government receives ₦1.69 billion COVID-19 donations. The Federal Government received a total sum of ₦1.69 billion as COVID-19 eradication support donations from April 1 to May 31.
‘FG to Use ₦162.5bn Proceed of Sukuk to Finance Road Projects’. The recent ₦150 billion Sukuk issued by the Debt Management Office was 5 times oversubscribe and the proceed will be used for capital projects in the country.
Nigeria to Record its Largest Economic Decline in Q2– FSDH
Nigeria’s economy expands 1.87% despite global disruptions. The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 percent year-on-year in real terms in the first quarter of 2020.
Nigeria’s Oil Supply Quota Caps at 1.41 Million Barrels Per Day. As per efforts to reflate, stabilise global prices of oil, Nigeria is expected to slash daily oil supply to 1.41 million barrels per day (MMbpd) base on quota from the Organisation for Petroleum Exporting Countries.
FG is Selling ₦150 Billion Sukuk to Investors at 11.2% The Federal Government has opened sale of its third tranche…
Nigeria: Significant external stress to reduce export by 40% in 2020 – IIF
PwC predicts COVID-19 could knock 10% off GDP; sees unemployment above 35%