Nigeria’s total public debt stock as at Dec.31, 2022 stands at N46.25 trillion ($103.11 billion). This is according to a statement issued by the Debt Management Office (DMO) in Abuja on Thursday. The DMO said the total public debt stock…
By Seun Ibiyemi The Federal government has uncovered monumental debts of approximately N5.2 trillion. This was stated by the Director, Special Project, Federal Ministry of Finance, Budget and National Planning, Victor Omota during the North-West sensitisation workshop organized for personnel…
The Debt Management Office, DMO, has announced the issuance of four bonds of N90 billion each, amounting to N360 billion. In a statement on Wednesday, the office said there are offers for subscription by auction and that it is authorised…
A woman got into a confrontation with two staff members in a restaurant, as shown in a video posted by @doriswealthy, because she couldn’t pay her expenses. She reportedly entered the lounge with a male, but they left suddenly, leaving…
The Federal Government has proposed to spend N4.5tn on interest charges for domestic debt by 2023, according to the proposed 2023 budget. This is an increase of 243.51 per cent from the N1.31tn proposed allocation for interest charges on domestic…
Debt service gulped N6.16tn in 16 months, according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper. In 2021, the Federal Government spent N4.22tn on debt service, and further N1.94tn between January and April 2022. A breakdown shows…
That Nigeria may be running into debt trap has been one concern which has continued to attract outcries. Although, the government has maintained Nigeria’s borrowings is within the limit of Debt-to-GDP (Gross Domestic Product) ratio, it is apparent that there…
Nigeria’s total debts owed to the World Bank Group has risen by $660 just in the first six months of 2022, the Debt Management Office and the financial statements from the Bank have shown. Data from the Debt Management office…
…as debt stock rises to N41.6 trillion in Q1 2022 Nigeria’s total debt stock rose to N41.6 trillion in the first quarter of 2022, representing a N2.05 trillion increase compared to N39.56 trillion recorded as of December last year. In…
The Debt Management Office (DMO) recently announced that the country’s total debt stock as at December 2021 was N39.55 trillion. The DMO had also said that the debt stock was likely to hit N45 trillion in 2022, as the government…
