Fresh Loans Push FG's Domestic Debt to N77trn
The Federal Government’s domestic debt rose by N7.40tn within nine months, driven largely by fresh issuances of FGN bonds and higher Treasury Bills, data obtained from the Debt Management Office has shown.
Figures from the DMO indicate that...
Nigeria’s External, Domestic Debt Service Gulps N15.22trn
Nigeria in the past 10 years has spent a whopping sum of N15.22trillion to service its domestic and external debts, data gathered on the official website of Debt Management Office (DMO) has revealed.
Thorough analysis of the DMO numbers...
Debt Servicing Doubles, Hits N896bn In Three Months – DMO
Nigeria’s debt servicing bill has increased by 109 per cent to N896.56bn.
As a result, the country has also spent N3.83tn on debt servicing payments in 15 months, according to data obtained from the Debt Management...
In 3Years, States Raise Domestic Debt By N1.64tn
The resort to borrowing by the country to finance virtually everything has become worrisome to many analysts, with the state governments increasing their exposure to the foreign and domestic debt markets at will.
The 36 states of the...
Domestic debt Costs FGs N3.49tn
In this report, captures the nation’s current dilemma of dwindling revenues and increasing debt burden, which has inspired debate on the country’s debt sustainability
The Federal Government spent a total of N3.49tn on domestic debt servicing and payment between January 2015...
Nigeria’s total public debt stock, comprising the Federal Government, states and Federal Capital Territory (FCT), stood at N20.373 trillion as at September 30, 2017, showing a marginal increase of 3.6 per cent from the N9.637 trillion as at June 30, 2017. A breakdown of...
