Nigeria Owes World Bank N3.96trn — DMO     Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown. An analysis...

N190bn Debt: Abuja-Kaduna Train Service And Burden Of China Loan       The Abuja – Kaduna train project is one of the foremost projects executed with the loans from China, and there are doubts on how this project can generate enough to finance its repayment process, four...

Nigeria’s Debts May Rise To N34trn In Q3     Nigeria’s public debts may continue its quarterly increase to hit about N34 trillion in the third quarter ending September 30. Data provided by the Debt Management Office (DMO) had shown that the nation’s public debt had risen by...

Nigeria Borrowed N18.89trn Under Buhari's Regime – Report       Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday. This means that in the last five years under President Muhammadu Buhari, the country’s debt rose by...

Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO     The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at N31trn, indicating an increase of N2.38trn within a space of three months. Nigeria’s...

FG Debt Now N24.52trn, Recorded N561.71bn Deficit – CBN       The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory Administration), the Central Bank of Nigeria has said. The apex bank also disclosed that the Federal Government...