Nigeria’s total debt service costs climbed to N3.57 trillion in the third quarter of 2024, up by N60...
Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024.
The Federal Government raised a total of N211.144 billion from its December 2024 bond auction, significantly lower than...
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced plans to raise N120 billion...
I hear that the National Assembly has approved the external borrowing of $2.2 billion for the Tinubu administration to address the fiscal deficit in the 2024 Budget”
Nigeria's Debt Management Office (DMO) reports that the federal government's Promissory Notes debt surged to N1.65 trillion as of June 2024, marking a 6.5% increase from March 2024.
The Debt Management Office (DMO) reports that the federal government's domestic debt stock by instrument reached N66.957 trillion by the first half of 2024, marking an 8.74% increase from N61.578 trillion at the end of Q1.
Nigeria's public debt stock surged to N134.3 trillion ($91.3 billion) by the end of the second quarter of 2024.
The Debt Management Office (DMO) has attributed the recent delay in coupon payments to savings bond subscribers to system and processing issues according to reports from Bloomberg.
The federal government, through the Debt Management Office (DMO), is set to raise N150 billion from the bond market in September 2024.
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% rebound after three consecutive days of depreciation.
Nigeria has ascended to become the third-largest debtor to the World Bank's International Development Association (IDA) as of June 30, 2024, reflecting a significant increase in the country's borrowing from the institution.
