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Tag Archives: capital market

‘Why Nigeria is borrowing from China’

DG, Debt Management Office, Patience Oniha

The Federal Government has explained that it borrows from China in order to take advantage of a cheaper source of finance. In a statement made available to newsmen in Abuja on Tuesday, the Debt Management Office said that the Federal Government was also borrowing from China in order to diversify …

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Sharing Abacha loot won’t eradicate poverty – Experts


Some finance and economic experts have faulted the decision of the Federal Government to distribute the recovered $322m looted by the late military dictator, Gen. Sani Abacha, to the poor and vulnerable in 19 states of the federation. The Federal Government had said it would commence the disbursement of the …

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