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

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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.Data from the...

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

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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 national debt...

Nigeria’s Public Debt Stock Hits N42trn

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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 naira by...

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

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

N35.5Trn Debt Unsustainable, Worrisome —NECA

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

DMO: Nigeria Not Among High-Debt Risk Nations

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

Germany Grants Nigeria N8.9bn Debt Relief

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

IMF Excludes Nigeria From 25 Nations Granted Debt Relief

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The International Monetary Fund, IMF has granted debt relief to 25 countries, mostly African nations with the exception  of Nigeria.IMF Managing Director Kristalina Georgieva in a statement...
Buhari Meets Gbajabiamila

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

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

Debt: NLC Urges FG To Borrow With Caution

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The Nigeria Labour Congress,NLC has urged the Federal Governmentto be cautious on the issue of borrowing both within and outside thecountry.NLC General Secretary, Peter Ozo-Eson, said...
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