NRC Debt Servicing Hit N111bn, Generates N12bn – Report The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two years while making only N11.61bn...

Public Debt Stock Increased By 4.96% To N46.25trn In Q4, 2022   The country’s total public debt stock increased by 4.96 per cent to N46.25 trillion ($103.11 billion) in the fourth quarter of last year (Q4 2022) compared to N44.06 trillion ($101.91 billion) in the preceding...

Debt Servicing Increase By 14.68% In 2022 – DMO   Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn was spent on external and domestic debt servicing payments in 2021. Recall...

360% Increase In Public Debt Worrisome - LCCI   The Lagos Chamber of Commerce and Industry has said that it was worried about the 360.4 per cent increase in Nigeria’s public debt from N10.04tn in 2013 to N46.25tn in 2023. In a statement signed by its Director-General,...

Nigeria’s Debt Rose To N46.25trn In 2022 – DMO   The Debt Management Office (DMO) has stated that Nigeria’s debt profile as of December 31, 2022 is N46.25 trillion or $103.1bn. In a statement yesterday, DMO said there was an increase of over N7tr from what the...

DMO Promises Not To Exceed 2023 Borrowings As FG Borrows N2.13trn In Two Months The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023 Appropriation Act. The DMO was reacting to a report that the Federal...