Nigeria faces a looming debt crisis as recent approvals for fresh borrowings could propel the nation’s total debt to surpass N107.38 trillion. The approval initiated by...
The Federal Government of Nigeria has exhibited a decreased appetite for foreign loans, marking a notable shift in the country’s debt dynamics. The latest data from...
Nigeria’s debt to China has increased from $3.93 billion as of June 30, 2022, to $4.73 billion as of June 30, 2023, representing a $800 million...
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...
Nigeria’s external debt to the World Bank has increased by more than 120% under President Muhammadu Buhari’s administration, according to data released by the Debt Management...
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...
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.
The Federal Government has explained that it expended the sum of N612.56bn gotten through Sovereign Sukuk between 2017 and 2021 on construction and rehabilitation of 77...
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)...