The Lagos Chamber of Commerce and Industry has said that Nigeria will continue to spend a large chunk of its earnings to service the total public debt stock of N25.7 trillion.
“Breakdown shows that N8.3 trillion or 32 percent of total debt stock is owed to external creditors while N17.4 trillion or 68 percent are domestic debt. Debt stock has jumped by 128 percent in the last eight years without a corresponding impact on the economy.
Meanwhile, the Federal Government on Monday, stressed that despite the debt figure, Nigeria is not in debt trouble as being circulated, insisting that the nation is within a reasonable debt to its Gross Domestic Product ratio.
In essence we are broke Lwkm. N Some people want to use billions of naira to renovate a building o. 🤣😂🤣😂🤣. Las Las we go leave the country for Dem.
Very bad
That not a good news at all
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Nigeria: LCCI projects high cost of doing business in 2020 – Daily TrustThe Lagos Chamber of Commerce and Industry ( LCCI) has released its economic outlook for 2020, projecting high cost of doing business in Nigeria. The... Dis suppose to be d time for ease of doing business
स्रोत: Daily Trust - 🏆 13. / 51 और पढो »
Experts x-ray Nigeria’s debt market, resilience | The Guardian Nigeria News - Nigeria and World News“Nigeria’s debt capital markets proved resilient in a challenging environment over the past year as noteworthy transactions have contributed to the steady development of the Nigerian market.” BondMarket InvestmentBanking CapitalMarket Nigeria
स्रोत: GuardianNigeria - 🏆 1. / 94 और पढो »
Bank slash charges will affect bottom line of banking industry — CIBNThe Chartered Institute of Bankers of Nigeria (CIBN), said on Sunday that the downward review of bank charges would affect the net earnings and income of the Banks... Is lie... So let then continue to extort customers abi? AccessBank These Nigeria banks are just worse off......all they do is drain customers anyhow and anyway Banks should create or rather be better innovative than having to bench their earnings on customers' dedicated transaction channels.
स्रोत: TheNationNews - 🏆 6. / 69 और पढो »