N41.6tr debt: Nigeria Fails Disclosure Rule set for IDA counties - World Bank The World Bank has announced that Nigeria has failed to meet full disclosure rating conditions on debt reporting over the past three years. Also,  Debt Management Office (DMO) data showed that the country’s...

Debt Servicing Doubles, Hits N896bn In Three Months – DMO   Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn. As a result, the country has also spent N3.83tn on debt servicing payments in 15 months, according to data obtained from the Debt Management...

How FG Spent N41.9 Billion On Debt Servicing In January The Central Bank of Nigeria (CBN) new data has revealed that Nigeria’s monthly debt servicing increased by $31.46 million in one month to $101.29 million in January, which is about 45 per cent jump month-on-month. As...

DMO Auctions Two More FG Bonds For Subscription The Debt Management Office (DMO) says that it is offering 2 more Federal Government of Nigeria (FGN) savings bonds for subscription. The first offer is a 2-year FGN savings bond which will be due on May 18, 2024,...

Stakeholders To FG - Take Urgent Steps To Halt Nigeria’s Rising Debt As the national debt stock rapidly increases, some business stakeholders are advising the government to take steps to halt its rise. The stakeholders who spoke with the News Agency of Nigeria (NAN) advised the...

IMF to Nigeria: Reduce Public Debt To Avoid "Doom Loop" International Monetary Fund has expressed concerns about a potential “doom loop” for Nigeria and other emerging economies. According to the IMF’s April 2022 Global Financial Stability Report, the average ratio of public debt to the gross...