Nigeria spent $1.8 billion on external debt servicing in the fourth quarter of 2024, according to the latest data from the Debt Management Office (DMO). The...
The World Bank has approved $632 million in new loans for Nigeria to support education and nutrition initiatives, bringing total disbursements to the country under the...
Nigeria’s debt profile continues its upward trajectory with total debt stock rising to N134.30 trillion by the end of the first half of 2024, according to...
Nigeria’s public debt stock which includes external and domestic debt rose to N134.30 trillion ($91.35 billion) in Q2 2024 from N121.67 trillion ($91.46 billion) in Q1...
The Senate has granted approval to the N1.77 trillion ($2.2 billion) loan request of President Bola Tinubu. This was done after a voice vote in favour...
Nigeria has been identified as the third-largest debtor to the World Bank’s International Development Association (IDA), with a total debt of $17.1 billion as of September...
Nigeria’s fiscal state has reached alarming levels as a recent report by BudgIT, a public accountability firm, reveals that the Federal Government (FG) spent more than...
Nigeria’s Finance Minister, Wale Edun, has said the country’s debt service to revenue ratio has decreased from 97% in 2023 to 68% in 2024. Addressing journalists...
The Debt Management Office (DMO) of Nigeria has announced that the country’s total public debt has risen to ₦121.67 trillion ($91.46 billion) as of March 31,...
Nigeria’s public debt has breached the N101 trillion mark, driven by a substantial influx of loans from the World Bank totaling $4.95 billion over the past...