Nigeria has a total public debt (External and Domestic) of N32.22 trillion ($84.57 billion) as of September 2020.
Nigeria’s public debt stock grew marginally by 2.30% to N24.95trn (US$81.27bn *exchange rate of N306.95/US$) as of the end of March 2019 from N24.39trn as of...
Nigeria’s total debt stock rose to N24.9 trillion or US$81.2 billion as of the end of March 2019. This is revealed in the latest report released...
A CBN report has revealed that the serving of domestic debt instruments cost the Federal Government a whopping N1.799 trillion in 2018.
Once government debt reaches a certain size, it really drags on long-term economic growth. It can also drag on the creditworthiness of the government.
Last week, the Finance Minister, Kemi Adeosun announced that the Federal Executive Council had approved a plan to refinance $3billion (N1.1trillion) worth of Nigerian Treasury Bills...
The Federal government is to refinance maturing domestic debt with $3 billion treasury bills. Minister of Finance Kemi Adeosun disclosed this at a press briefing after...
Data from the Central Bank of Nigeria reveals Nigeria’s credit to the private sector as a percentage of credit to the Federal Government is at a...
Summary of the top business, economic and political news in Nigeria today. The Minister of Budget and National Planning, Udoma Udo Udoma, has revealed that...
By a lot!
