A former Minister of Foreign Affairs, Prof. Bolaji Akinyemi, has cautioned President Bola Tinubu against the dangers of unchecked borrowing from China. Akinyemi, who featured in...
Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week. The Debt Management Office (DMO) revealed...
Nigeria’s total public debt has risen by a whopping N24 trillion in the first three months of the year to hit N121.67 trillion. The Debt Management...
Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
President Muhammadu Buhari has defended the rise in Nigeria’s debt profile under his administration, as he’s set to handover power to President-elect, Bola Tinubu, on Monday,...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said the Federal Government is obtaining loans and issuing promissory notes despite not having revenue to...
The Debt Management Office (DMO) has raised concerns as Nigeria’s public debt is set to hit N72 trillion. Patience Oniha, the DG of DMO raised the...
President Muhammadu Buhari, last week, begged world leaders to consider forgiving Nigeria’s debt. We tracked two other stories from the seat of power, Asop Rock Villa,...
Nigeria’s debt stock could be in excess of over N50 trillion compared to the N39.56tn reported by the Debt Management Office (DMO). This is according to...
The Federal government has kicked off its plans to increase Nigeria’s debt stock to N46.63tn trillion by end of 2022. Over the weekend, the Debt Management...
It is no longer news Nigeria has a huge debt burden. What is worrisome is the rate at which it increases yearly. Since 2015, Nigeria’s debt...
Nigeria’s public debt stock has increased by N2.5 trillion in three months to N38.005 trillion as of the end of the third quarter of 2021, Ms....
As at the end of June 30, each Nigerian now owes about N165,500 to countries, international organisations and domestic investors as government borrowing increased to N35.5...
Nigeria’s debt stock has increased to N33.11 trillion in the last three months. The National Bureau of Statistics (NBS) disclosed this in a report titled: “Nigerian...
The National Bureau of Statistics (NBS) said on Monday Nigeria’s total public debt portfolio stood at N32.92 trillion as of December 31, last year. NBS disclosed...
The Debt Management Office (DMO) said on Thursday Nigeria’s public debt hit a total of N32.2trillion ($84.57billion) at the end of September. The DMO, which disclosed...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The National Bureau of Statistics (NBS) said on Friday the total public debt portfolio of the Federal and State governments stood at N28.63 trillion as at...
The Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, said on Friday the country’s public debt stood at N26.215 trillion as of third quarter...
The Buhari Media Organisation (BMO) has warned citizens against spreading what it says are false information on the nation’s debt profile, and other matters that had...
Nigerian Government has revealed plans to borrow N1.6 trillion to finance its 2019 budget. The Director-General, Debt Management Office (DMO), Ms Patience Oniha disclosed this in...
There are indications that the country’s Debt Servicing-to-Revenue Ratio, DSRR, may worsen in 2019 following the plan to sustain borrowing in the new fiscal year. With...
The Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, has said that the country does not have a debt problem but...
The nation’s debt profile has risen to N22.38 trillion within the last six months, the Debt Management Office (DMO) has said. The current debt profile indicates...
The World Bank has expressed concern over the alarming rate at which Nigeria and other African countries’ debts are rising. In its ‘Africa’s Pulse’, a biannual...
The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government due to its ongoing effort to rebalance the nation’s debt portfolio did not...
Nigeria’s debt profile for both domestic and external debts as at December 31, 2015 stands at N12 trillion. According to the Director General of the Debt...
The Debt Management Office (DMO) has stated that Nigeria’s total internal and external debt stock stood at N12.06 trillion or $63.5 billion as at the end...
