Nigeria spent $9.6 billion on debt servicing in 12 years
DMO offered N225bn but raised N229.2bn through re-openings of the 2025, 2032 and 2037 FGN bonds
Nigeria's debt servicing was estimated to hit N10.43 trillion by 2025
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...
Rising debt servicing cost poses a threat to Africa's largest economy, Nigeria. Nigeria spends over 30% of its budget on debt financing, hence why it struggles...
The World Bank has said the Central Bank of Nigeria’s large and growing financing has made Nigeria’s rising debt costly and vulnerable. The Washington-based global financial...
Nigeria spent N2.02 trillion on debt servicing, representing 90.5 percent of the total revenue in the first six months of the year. According to the Technical...
The latest report from the Debt Management Office (DMO) has revealed that the Federal Government spent a total sum of N612.71 billion on domestic debt servicing...
The Federal Government will yet again borrow another $1.5 billion and €995 million external loans following the Senate approval on Tuesday. Senator Clifford Ordia, the Chairman...
Nigeria Pays $500 Million Eurobonds Issued in 2011 Today The Federal Government has redeemed the $500 million Eurobonds issued to investors in 2011 today, Thursday 28,...