Debt

Nigeria’s debt-to-GDP within World Bank/IMF ceiling —DMO

THE Debt Management Office (DMO) says Nigeria’s debt-to-Gross Domestic Product (GDP) ratio is within the specifications of the World Bank…

10 months ago

NNPC kicks as report says Nigeria’s fuel debt hits $6bn

NIGERIA’S debt to fuel suppliers has surpassed $6 billion - doubling since early April - as the Nigerian National Petroleum…

10 months ago

FG settles $850m debt to European airlines

The Federal Government has paid off the outstanding debt of $850 million owed European airlines, the European Union (EU) has…

10 months ago

N121.86trn debt: Borrowing is fine if used productively — Peter Obi

Peter Obi, the Labour Party's presidential candidate in the 2023 election, has expressed concern over Nigeria's escalating debt levels, emphasising…

10 months ago

Debt-to-GDP ratio crosses 50% as Nigeria’s debt servicing set to surpass revenue

Nigeria’s debt-to-Gross Domestic Product (GD) ratio crossed 50 percent for the first time ever last week while debt servicing is…

10 months ago

Ways and means securitisation responsible for N24trn debt rise – DMO

THE Debt Management Office says the rise in Nigeria’s public debt stock from N97.34 trillion in December, 2023 to N121.67…

10 months ago

Why Nigeria’s total debt rose by N24trn — DMO

The Debt Management Office (DMO) has attributed the significant rise in Nigeria’s public debt stock from N97.34 trillion in December…

10 months ago

AEDC to disconnect Akume’s house, Kogi, Niger State govt, CDS, CBN, Ministries of FCT, others over N47bn debt

THE Abuja Electricity Distribution Company (AEDC) has threatened to disconnect more than 80 Ministries, Departments, and Agencies (MDAs) including military…

11 months ago

Nigeria, Egypt, Eight other top countries indebted to China

The external debt situation for low- and middle-income countries (LMICs) has significantly worsened over the past decade, with debt growing…

11 months ago

How to get out of debt faster? 9 ways explained

Debt can be a significant burden, affecting your financial stability and overall peace of mind. Finding ways to get out…

12 months ago

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