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The Debt Management Office (DMO) says Nigeria’s total public debt both federal and state governments hit N49.85 trillion at the end of the first quarter (Q1)...
Patience Oniha, director general, Debt Management Office (DMO), says the incoming administration would inherit about N77 trillion as debt by the time President Muhammadu Buhari’s tenure...
The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. This was according to a presentation made...
The cost of servicing Nigeria’s debt surpassed federal government’s retained revenue by N310 billion in the first four months of this year (2022). This was made...
Chief Afe Babalola, founder, Afe Babalola University, Ado Ekiti, has said that the purchase of political parties’ presidential nomination forms with huge amounts by politicians has...
The Asset Management Corporation of Nigeria said it had taken over assets belonging to Aeroland Travels Limited, and its director’s over-indebtedness of N1.8bn. A statement from...
The Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020. The Director-General, DMO, Patience Oniha,...
The Federal Government of Nigeria is expected to pay the International Monetary Fund a total of $3.51bn between 2022 and 2026 to offset a $3.4bn loan....
The overall debt stock of Nigeria increased from N32.9 trillion in December 2020 to N39.6 trillion in November 2021. The Minister of Finance, Budget, and National...
Former President Olusegun Obasanjo has faulted the federal government’s plan to source fresh external loans. He said the FG was accumulating debts for the next generation,...
