According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 4.1% or N1.5trn from N38trn at end-September ‘21 to N39.5trn at end-December 2021....
Lagos state has topped the chart of states with huge debt profiles, with a domestic debt standing at N658.95 billion as at the end of December...
Financial experts have raised concerns over Nigeria’s external and domestic debts which have, as at December 31, 2021, risen to N39.556 trillion ($95.779 billion), from N32.915...
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...
No end in sight for Nigeria’s rising debt profile despite the country’s vast natural resources and human capital. A recent report from the country’s Debt Management...
Nigeria’s rising debt profile has continued to gulp more revenue despite efforts to rein in leakages and up revenue generation. In the first half of 2021,...
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From...
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 Debt Management Office (DMO) has said Nigeria’s total debt rose by N191 billion in the first quarter of 2021 to N33.107 trillion from N32.916 trillion...