The Debt Management Office (DMO) has successfully raised N669.94 billion in the January 2025 Federal Government of Nigeria (FGN) bond auction. Confirming the results, the DMO...
President Bola Tinubu’s administration has formally requested the approval of the Nigerian Senate for a borrowing plan totaling $8.6 billion and €100 million. The request was...
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 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...
The Federal Government's revenue projection for 2023 shows that 82% of its revenue will be used to pay interest on its debt, an improvement from 96.3%...
Nigeria’s public debt burden will hit N77tn if the National Assembly approves the request by the President Muhammadu Buhari to restructure the Ways and Means Advances.
Nigeria’s total public debt rose by 2.9% q/q or N1.3trn to N44.1trn at end-September ’22 from N42.8trn at endJune ’22.
The Federal Government has yet again hinted that it will borrow billions of dollars from both Europe and Asia to complete the ongoing rail projects across...
The Federal Government has received approvals for a $1.8 billion loan from the Islamic Development Bank.
Nigeria’s total public debt stock is now N42.84 trillion, or $103.31 billion as of June 2022