The Nigerian banking sector has witnessed an unprecedented 835% surge in borrowings from the Central Bank of Nigeria (CBN) in the span of just one month,...
Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in...
This unprecedented debt stock is expected to climb higher as the government implements significant reforms aimed at increasing its revenue base and fulfilling its promises
Nigeria's domestic debt servicing costs surged to N874.13 billion, while its expenditure on external debt servicing soared to $801.36 million (equivalent to N368.87 billion)
Nigeria’s external debt profile has been a cause for concern in recent times, and a new report from the Debt Management Office (DMO) reveals that the...
The World Bank’s recently released Macro Poverty Outlook for Nigeria has highlighted the nation’s constant fiscal deficit as a major contributor to its public debt stock....
Nigeria’s borrowing from China jumped a whopping 209.15 percent under President Muhammadu Buhari’s administration. This startling revelation was disclosed by the Debt Management Office (DMO) which...
Nigeria’s Vice President, Prof. Yemi Osinbajo has commended the Chinese government for the loans given to African countries and its repayment system. According to Osinbajo, the...
Corporate Debt Capital Issuance Recovered Over 2022 Following the sharp decline in corporate debt capital issuance over 2021 of 38%, a record NGN1.5 Trillion (USD 3.2...
A total of 577 bids worth N724.9 billion were received for the N360 billion amount offered, with the total amount allotted being N771.56 billion.