Nigeria’s debt rises to $79.5 billion, as debt to revenue ratio worsens
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
Tag: debt to revenue ratio
Many odds against the naira
Nigeria’s currency, the naira, is presently experiencing more pressures than ever before, based on negative macro fundamentals
Vultures in flight: Should Nigeria consider suspension of sovereign debt payments like Argentina?
The vultures of finance at the center point of the COVID-19 pandemic causing significant economic damage around the world.
Pay attention to revenue to debt service ratio, Standard Chartered’s Chief Economist to FG
A very key metric everyone needs to pay attention to is the revenue to debt service ratio.
All states’ debts exceed revenue, contravene DMO rule- FRC
All the 36 states of the federation contravened the guidelines of the DMO by contracting debts exceeding their 12-month revenues.
