FG Raised N1.84trn Via Bond To Bridge 2022 Budget Deficit In H1, 2022   The federal government in first half (H1) of 2022 raised a total of N1.84 trillion through the FGN bond market to finance the N6.26trillion 2022 budget deficit, the Debt Management Office (DMO)...

Nigeria’s Public Debt Increases By N2.04trn in Q1, 2022   The Debt Management Office (DMO) said on Tuesday that Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021. This shows an increase of N2.04tn within a...

Nigeria’s Debt Rose By 226% To N39.56trn Since Buhari's Administration   With analysts in the financial service sector impressing it on the federal government to slow down on its borrowing bing, it has emerged that Nigeria’s debt rose steeply by a whooping 226 per cent In...

Report Says Nigeria, 10 ECOWAS Countries In Debt Distress   A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that Nigeria and 10 other Economic Community of West African States countries are currently in debt distress...

NNPC Gets Two-week Ultimatum To Defend N3trn Debt   The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, two weeks to defend its indebtedness...

Fed Govt’s Local Currency Debts To Hit N44trn In 2022   A report by Agusto & Co. Limited has estimated that the Federal Government’s local currency debts will rise to N44tn in 2022. This was disclosed in a report, titled ‘Nigeria in 2022’, on the economic outlook...