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...
Chinese Loan Hits $4.73bn, Rises By $800m in One Year
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year.
It is an increase of 20.36 per cent from...
FG Plans N26trn Borrowing, Debt Servicing to Gulp N29trn
Nigeria’s total public debt may hit N118.37tn in the next three years.
The figure was based on analysing Nigeria’s current debt profile and the debt projections in the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026.
According...
