Nigeria’s Debt
Nigeria leads countries owing foreign airlines, its debt soars to $812m
Nigeria with a huge $812.2 million debt maintains its lead among countries owing foreign airlines collectively about $2.3 billion. The $812.2 million foreign...
Nigeria’s debt shoots up to N46.25trn
Nigeria’s debt has skyrocketed to N46.25 trillion from N39.56 trillion in 2022, the Debt Management Office (DMO) disclosed in Abuja on Thursday. The...
Nigeria’s debt hits unsurpassed N41.6trn amid scheduled borrowing for 2023 budget
With the frightening debt profile of Nigeria over shooting N41.60 trillion incurred as of March 2022 amid plans to borrow more trillions to...
Nigeria’s debt to hit all-time high N45trn in 2022 as FG borrows additional N6.39trn — DMO
With an additional borrowing of N6.39 trillion by the Buhari administration to finance the 2022 budget deficit, the total debt stock of Nigeria...
Nigeria’s N35.5trn debt, humongous rise in FG’s expenditure profile worry NECA
Nigeria’s rising debt profile and financing infrastructure deficit with foreign loans has been criticized by the Nigeria Employers Consultative Association (NECA), calling...
Worried by nation’s growing debt crisis, SERAP tells NASS: Stop that fresh loan request now
“SERAP also expressed worry on the perceived unwillingness or inability of the National Assembly to vigorously exercise its constitutional duties to check...
Nigeria’s huge debt profile: Salami’s revelation confirms grand plan to decimate the country, says PDP
In spite of gale of defections of its chieftains to the ruling All Progressives Congress (APC), the People’s Democratic Party (PDP) still...
It’s inescapable for Nigeria to borrow for infrastructure development- Senate President
The Senate President, Dr Ahmad Lawan, says the only option left for the Nigerian government to fund infrastructure is borrowing, describing the country...
FG printed N50bn to augment March revenue shortfall in Federation Account — governor
The Federal Government printed about N60 billion to augment allocation shared to states in March 2021, a state governor has revealed. According to...
Nigeria’s debt profile: Lai Mohammed calls Atiku scaremonger
The Federal Government has hit back on former Vice-President Atiku Abubakar on the country’s debt profile he painted, saying it is nothing but scaremongering...
Nigeria’s debt profile grew by N560bn in Q1 2019
Nigeria’s debt profile for the first quarter of 209 rose by 2.3 percent to reach N560bn, the country’s Debt Management Office (DMO) said...
Nigeria plans 30-year FG bonds in Q2 as country’s debt profile grows 12%
Nigeria’s debt profile grew 12.25 percent, from N21.72 trillion in 2017 to N24.37 trillion ($79.437 billion) in 2018, driven by issuance of promissory...
