Nigeria Spent N1.47trn On Debt Servicing In H1, 2021           Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the country spent N1.02tn on both domestic and...

September Bonds Oversubscribed By N184bn, Says DMO             Federal Government’s bonds worth N150bn for September, which were auctioned on Wednesday, were oversubscribed by N184.32bn, the Debt Management Office has said. The total subscription received from investors for the bonds was N334.32bn, comprising N52.43bn for 13.98 per cent...

Nigeria’s Total Debt Now N35.4trn             Nigeria’s total Public Debt Stock (PDS) has reached N35.465 trillion as of June 30 this year, the Debt Management Office (DMO) has said. The Director-General of the Office, Patience Oniha revealed this on Wednesday in a virtual presentation. The latest...

Debt Servicing Gulps N11.679trn In Five Years             The federal government committed a total of N11.679 trillion into debt servicing while N8.31trillion was expended on capital/development expenditure between 2015 and 2020. A breakdown of the amount showed that in 2015 and 2016, N953.620 billion and N1.475...

States Generate N5.30trn, Get N10.19trn, Borrow N1.84trn In Five Years       The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic...

In Five Years, Nigeria’s Bilateral Loans Rise By 145%       Nigeria’s loans from China, France, Japan, India and Germany rose from $1.66bn as of December 31, 2015 to $4.06bn as of December 31, 2020, signifying an increase of $2.4bn or 144.58 per cent in five years. This...