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Q1 2023 Debt Servicing Rose To N1.24tr –Report

The Debt Management Office, DMO says Nigeria’s debt servicing cost has increased by 55.71 percent to 1.24 trillion naira in three months.

Rising Debts: Oil-Producing States Borrow N1.3tn Amid N6.4tn Windfall – DMO

The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub...

Nigeria’s Public Debt Stock Hits N42trn

The Debt Management Office DMO said Nigeria’s total public debt stock, which was 41.60 trillion naira in March rose to 42.84 trillion...

N10b Debt: FCTA Seals Federal Ministry Of Works, Character Commission, Others

The FCT Administration sealed the Federal Ministry of Works, Federal Character Commission and Merit House Maitama over N10 billion waste collection debt...

N35.5Trn Debt Unsustainable, Worrisome —NECA

The Nigeria Employers Consultative Association, NECA, weekend, warned that the nation’s rising debt profile is not sustainable, advising that government adopts the...

DMO: Nigeria Not Among High-Debt Risk Nations

The Debt Management Office DMO has reacted to media report to the effect that the World Bank had listed Nigeria among ten...
Germany Grants Nigeria N8.9bn Debt Relief

Germany Grants Nigeria N8.9bn Debt Relief

Germany has granted Nigeria a debt relief worth 8.9 billion naira as part of its contribution to the country’s COVID-19 fight.
IMF Excludes Nigeria From 25 Nations Granted Debt Relief

IMF Excludes Nigeria From 25 Nations Granted Debt Relief

The International Monetary Fund, IMF has granted debt relief to 25 countries, mostly African nations with the exception  of Nigeria. IMF...
Buhari Meets Gbajabiamila

Buhari Meets Gbajabiamila, Discusses Xenophobia, 9.6 Billion Dollars Judgment Debt

President Muhammadu Buhari on Friday met behind closed doors with the Speaker of the House of Representatives, Femi Gbajabiamila, at the Presidential Villa, Abuja.

Debt: NLC Urges FG To Borrow With Caution

The Nigeria Labour Congress,NLC has urged the Federal Government to be cautious on the issue of borrowing both within and outside...

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