Federal Govt Signs N10.8trn Budget amid Threats of Revenue Shortfall

July 10, 2020/Cowry Asset President Muhammadu Buhari on Friday, July 10, 2020, signed the revised N10.8 trillion 2020 national budget into law. A breakdown of the spending plan showed that N4.9 trillion (45 per cent) was earmarked for recurrent expenditure, N422 billion (4 per cent) for statutory transfers, N2.4 trillion […]

Nigeria’s Total Public Debt Portfolio Stood at N28.63Trn in Q1 2020-NBS

July 10, 2020/NBS Nigerian States and Federal Debt Stock data as at 31st March 2020 reflected that the country’s total public debt portfolio stood at N28.63trn. Further disaggregation of Nigeria’s total public debt showed that N9.99trn or 34.89% of the debt was external while N18.64trn or 65.11% of the debt […]