The Debt Management Office (DMO) has
announced that the nation’s foreign debt
profile as at the second quarter 2015 stood at
about USD10.3 billion, over 10 per cent
increase, against USD9.5bn recorded in the
first quarter of the year.
Nigeria’s president Muhammadu Buhari
According to the release published by
Vanguard newspaper, the country’s domestic
debt stood at N8.39 trillion against N8.31
trillion in the first quarter as the Federal
Government revenue rose to N485.95 billion,
from May figure of N324.7 billion.
Further break down of the external debt
revealed that Nigeria owe multilateral
organisations USD7.23 billion as
against USD6.54 billion in the first quarter.
Debt stock owed to countries and or their
financial institutions ( Bilateral) stood at
USD1.58 billion, from USD1.42 billion in the
first quarter.
The country owe World Bank Group a
whooping USD6.19 billion, rising from USD5.73
billion, while the African Development Bank
Group was owed USD1.04 billion, up from
USD810 million.
Nigeria owe Exim Bank of China N1.39 billion,
while it owe France, Japan and Germany a
total of USD194 million in Bilateral debt.
“The breakdown of the domestic debt stock
shows that the bulk is in Federal Government
Bond amounting to N5.3 trillion, accounting
63.1 per cent while Nigerian Treasury Bill (NTB)
was N2.8 trillion or 33.6 per cent and the
balance of N271 billion was in Treasury Bond.’
Meanwhile, Nigeria’s gross government
revenues rose for the second consecutive
month in June to 485.95 billion Naira, up 33
percent against May figures the Federal
Ministry of Finance has announced.
International oil prices rose at the end of April
and benchmark Brent futures were sustained
at above US$60 a barrel before falling again
below that mark a barrel in July. Nigeria
depends on oil sales for about 70 percent of
its government revenues.
Meanwhile, the governor of the Central Bank
of Nigeria, Godwin Emefiele, has advised
President Buhari to consider selling off nearly
half of Nigeria’s Joint Venture equity with
multinational oil companies, to enable his
government to raise a huge balance for
immediate developmental projects.

Source: Naij.com

I really hope they get over this..

sayyid:
The Debt Management Office (DMO) has announced that the nation’s foreign debt profile as at the second quarter 2015 stood at about USD10.3 billion, over 10 per cent increase, against USD9.5bn recorded in the first quarter of the year. Nigeria’s president Muhammadu Buhari According to the release published by Vanguard newspaper, the country’s domestic debt stood at N8.39 trillion against N8.31 trillion in the first quarter as the Federal Government revenue rose to N485.95 billion, from May figure of N324.7 billion. Further break down of the external debt revealed that Nigeria owe multilateral organisations USD7.23 billion as against USD6.54 billion in the first quarter. Debt stock owed to countries and or their financial institutions ( Bilateral) stood at USD1.58 billion, from USD1.42 billion in the first quarter. The country owe World Bank Group a whooping USD6.19 billion, rising from USD5.73 billion, while the African Development Bank Group was owed USD1.04 billion, up from USD810 million. Nigeria owe Exim Bank of China N1.39 billion, while it owe France, Japan and Germany a total of USD194 million in Bilateral debt. “The breakdown of the domestic debt stock shows that the bulk is in Federal Government Bond amounting to N5.3 trillion, accounting 63.1 per cent while Nigerian Treasury Bill (NTB) was N2.8 trillion or 33.6 per cent and the balance of N271 billion was in Treasury Bond.’ Meanwhile, Nigeria’s gross government revenues rose for the second consecutive month in June to 485.95 billion Naira, up 33 percent against May figures the Federal Ministry of Finance has announced. International oil prices rose at the end of April and benchmark Brent futures were sustained at above US$60 a barrel before falling again below that mark a barrel in July. Nigeria depends on oil sales for about 70 percent of its government revenues. Meanwhile, the governor of the Central Bank of Nigeria, Godwin Emefiele, has advised President Buhari to consider selling off nearly half of Nigeria’s Joint Venture equity with multinational oil companies, to enable his government to raise a huge balance for immediate developmental projects.
Source: Naij.com

ok oo

sayyid:
The Debt Management Office (DMO) has announced that the nation’s foreign debt profile as at the second quarter 2015 stood at about USD10.3 billion, over 10 per cent increase, against USD9.5bn recorded in the first quarter of the year. Nigeria’s president Muhammadu Buhari According to the release published by Vanguard newspaper, the country’s domestic debt stood at N8.39 trillion against N8.31 trillion in the first quarter as the Federal Government revenue rose to N485.95 billion, from May figure of N324.7 billion. Further break down of the external debt revealed that Nigeria owe multilateral organisations USD7.23 billion as against USD6.54 billion in the first quarter. Debt stock owed to countries and or their financial institutions ( Bilateral) stood at USD1.58 billion, from USD1.42 billion in the first quarter. The country owe World Bank Group a whooping USD6.19 billion, rising from USD5.73 billion, while the African Development Bank Group was owed USD1.04 billion, up from USD810 million. Nigeria owe Exim Bank of China N1.39 billion, while it owe France, Japan and Germany a total of USD194 million in Bilateral debt. “The breakdown of the domestic debt stock shows that the bulk is in Federal Government Bond amounting to N5.3 trillion, accounting 63.1 per cent while Nigerian Treasury Bill (NTB) was N2.8 trillion or 33.6 per cent and the balance of N271 billion was in Treasury Bond.’ Meanwhile, Nigeria’s gross government revenues rose for the second consecutive month in June to 485.95 billion Naira, up 33 percent against May figures the Federal Ministry of Finance has announced. International oil prices rose at the end of April and benchmark Brent futures were sustained at above US$60 a barrel before falling again below that mark a barrel in July. Nigeria depends on oil sales for about 70 percent of its government revenues. Meanwhile, the governor of the Central Bank of Nigeria, Godwin Emefiele, has advised President Buhari to consider selling off nearly half of Nigeria’s Joint Venture equity with multinational oil companies, to enable his government to raise a huge balance for immediate developmental projects.
Source: Naij.com

ok oo

Nigeria, by God's design has no business owing this kind of huge debt. But by the choice and design of some powerful privileged Nigerians, we are unbelievably indebted despite the unrivaled blessings bestowed on us by God.

No evil done by man to man will go unpunished. All evils will certainly be redressed one way or the other either by man or God.

That is why this zoo must go

iykebest1:
onwere nke nma?

meaning?

sayyid:
meaning?

when will Buhari name his cabinet members?

iykebest1:
when will Buhari name his cabinet members?

must e name cabinet b4 e works?