Nigeria, Others Named IFC’s Biggest Debtors – Report Nigeria, the most populous country in Africa, ranked among the top 10 debtors on the list of the International Finance Corporation in fiscal year 2023. IFC disclosed this in its full-year financial report for 2023. Nigeria appeared in the...

Obasanjo Criticises FG on N88tn Debt Burden, Says Relief Mismanaged Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to secure debt relief considering their large debt profiles. Obasanjo also indicated that the debt relief secured by Nigeria from the Paris...

AfDB, DMO Partner to Clear Nigeria, others’ Debt The African Development Bank Group and the Debt Management Office have revealed that they are seeking to tackle Nigeria and the African continent’s debt challenges through the formation of a debt managers network Debt sustainability has reached critical...

FG Curbs External Borrowing as Debt Rises N88tn - Report  The Debt Management Office data has revealed that Nigeria's total public debt rose to N87.91tn as of the end of September, 2023. Rather than increase its foreign debt stock as has been the case before now,...

'Nigeria’s Debt Now N87.91trn'   Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023. This is according to new debt stock data from the Debt Management Office (DMO) released on Wednesday. According to the data released, total external...

FG to Limit States’ Borrowing Over 5.8tr Debt The Fiscal Responsibility Commission (FRC) has revealed that it has issued a template and guideline on requirements before lending to state governments as part of efforts to check indiscriminate borrowing. Head, Directorate of Legal, Investigation and Enforcement at...