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Nigeria's debt profile

Nigeria’s debt profile now over N20 trillion, says Debt Management Office

The Debt Management Office says Nigeria’s total debt stock stood at N20.37 trillion as at September 30 this year. This represents a 3.6 percent increase...

Buhari seeks Senate approval to borrow $3 billion

President Muhammadu Buhari wants the Senate to approve the borrowing of $3 billion which he said would be used to refinance the country’s maturing...

Nigeria’s foreign debt may hit $11.6 billion by 2027

Between 2017 and 2026, Nigeria's foreign debt profile will have risen to $11.62 billion, the Debt Management Office says. This includes some debts that will...
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DMO Advises FG Against Excessive Borrowing

Nigeria’s Debt Management Office, DMO, has said that the maximum amount of money the country can comfortably borrow in 2017 is $22.08 billion, as anything more will violate the country-specific threshold.

Nigeria Records N4.17tn Debt Increase In One Year

Statistics from Nigeria’s Debt Management Office, DMO, shows that the country’s debt profile stood at N16.29 trillion in June this year, indicating a N4.17 trillion increase from the N12.12 trillion it was in June 2015.

Recent

EFCC finally arrests Okorocha after laying siege to his residence

AFTER hours of laying siege to his Abuja residence, the Economic and Financial Crimes Commission (EFCC) has finally arrested...

Court stops Oluomo, others from collecting levies

A Federal High Court in Lagos has stopped the former chairman of the National Union of Road Transport Workers...

Ghebreyesus overcomes criticisms over Ebola, COVID-19, re-elected as WHO DG

THE World Health Assembly has re-elected Tedros Ghebreyesus as the Director-General of the World Health Organization (WHO). He was re-elected...

Ukraine, other conflicts push number of displaced persons above 100 million for first time

THE number of people forced to flee conflict, violence, human rights violations and persecution has now crossed the staggering...

Inflation: Nollywood producer Aremu Afolayan slams Osinbajo

NOLLYWOOD actor and movie producer Aremu Afolayan has lamented the fragile state of Nigeria's economy after he allegedly changed...
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