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 December 2018, data released by the Debt Management Office (DMO) revealed.
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 by [@DMONigeria]
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...
The Federal government is to refinance maturing domestic debt with $3 billion treasury bills. Minister of Finance Kemi...
Data from the Central Bank of Nigeria reveals Nigeria's credit to the private sector as a percentage of...
Summary of the top business, economic and political news in Nigeria today. The Minister of Budget and...
