States, FCT External Debt Rise To N3trn
The external debt burden of the 36 states and the Federal Capital Territory may rise by as high as over 40 per cent following the recent floating of the naira by the Central Bank of Nigeria.
On Tuesday, June...
External Debt: FG Deducts N78bn From States Allocations For Servicing
The Federal Government deducted over N78bn from allocations made to the states for external debt servicing.
This was according to data from the Federation Account Allocation Committee (FAAC) Disbursement reports published by the National Bureau of...
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...
States Spent N3.6bn Servicing External Debts In January — FAAC
A total of N3.6bn was spent by the 36 state governments servicing their external debt obligations in the month of January.
The amount was arrived at based on an analysis of their allocation for the month...
Under Buhari, External Debt Rises By $15.3bn
The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data from the Debt Management Office showed.
The external debt soared to $25.61bn on March 31, 2019 from $10.32bn...
Nigeria’s External Debt Rises By $11.77bn In 3 Years Of Buhari Administration
Nigeria’s external debt commitment rose by $11.77bn in the last three years of President Muhammadu Buhari's administration.
According to debt statistics obtained from the Debt Management Office, the country’s external debt rose from $10.32bn...
