Nigeria’s Public Debt Set to Peak at N45tn in 2022
The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to borrow additional N6.39 trillion to finance the 2022 budget deficit.
This is according to a DMO...
Fed Govt To Auction N150bn Bonds In October
The Debt Management Office said on Tuesday that the Federal Government will offer N150bn bonds for subscription in October.
A circular by the DMO on its website showed that the breakdown of bonds consisted of three bonds worth...
Investments In FG’s Treasury Bills Weaken, Sales Fall 19% To N1.35trn
Investors’ interest in the Federal Government’s monetary instrument, the Nigeria Treasury Bill (NTB) has recorded a significant decline with 19 per cent, year-on-year, YoY, decline in sales to N1.35 trillion in the first five...
Rivers, Lagos Lead as Public Debt Climbs to N33.1tn
Nigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt Management Office...
Buhari Seeks Senate Approval For $6.183bn External Loan
President Muhammadu Buhari has sought the approval of the Senate for an external loan of 6.183 billion dollars, to fund the deficit of N5.602triillon in the 2021 Appropriation Act.
This is contained in a letter addressed to the...
Nigeria’s Debt Stock To Hit N34trn With New Loans
The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government.
The House of Representatives yesterday approved the external loan...
