The Federal Government's revenue projection for 2023 shows that 82% of its revenue will be used to pay interest on its debt, an improvement from 96.3%...
President Muhammadu Buhari has obtained the approval of the House of Representatives, to access a fresh N1 trillion loan from the Ways and Means Advances (WMAs)...
Nigeria’s public debt burden will hit N77tn if the National Assembly approves the request by the President Muhammadu Buhari to restructure the Ways and Means Advances.
The supplementary budget is expected to be financed through domestic borrowing
The DMO disclosed that global investors and lenders are shunning Nigeria having been labeled with an economic rating of Category "B".
The Federal Government has yet again hinted that it will borrow billions of dollars from both Europe and Asia to complete the ongoing rail projects across...
DMO offered N225bn but raised N229.2bn through re-openings of the 2025, 2032 and 2037 FGN bonds
Prof. Yemi Osinbajo has revealed that Nigeria would benefit from a vast debt reduction amounting to billions of dollars if the nation’s idea for the Debt...
According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 5.2% quarter on quarter (q/q) or N2 trillion from N39.5 trillion at end-December...
Nigeria’s rising borrowing amid low revenue generation continues to drag on the nation’s resources and development as shown by the latest report from the Debt Management...