According to the Debt Management Office (DMO), exchange rate swings have contributed to the increase in Nigeria's national debt stock, which went from N97.34 trillion in December 2023 to N121.67 trillion in March.
Public Debt Hits N121tn
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced.
This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023.
The DMO in a statement...
The Independent Petroleum Marketers Association (IPMAN) has issued a stern warning that it will shut down its 30,000 stations nationwide if the Federal Government's outstanding debt of N200 billion isn't settled promptly.
Five states; Kogi, Kebbi, Jigawa, Bauchi and Kano states, have subsidised Hajj fares for 10,260 intending pilgrims for the 2024 exercise, with a combined sum of N9,120,997,990 billion.
El-Rufai Left N85bn, $587m Debts, 115 Contractual Liabilities - Gov Sani
The governor of Kaduna, Uba Sani, has lamented N85bn, $587m and 115 contractual liabilities debt his government inherited from from Nasir El-Rufai's administration.
According the governor, this is making it difficult for him to pay...
El-Rufai Left N85bn, $587m Debts, 115 Contractual Liabilities - Gov Sani
The governor of Kaduna, Uba Sani, has lamented N85bn, $587m and 115 contractual liabilities debt his government inherited from from Nasir El-Rufai's administration.
According the governor, this is making it difficult for him to pay...
