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DMO: Nigeria’s Total Public Debt Reaches N33.107trn

The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021. A statement obtained...

News

Published Debt Figures Not For FG Only – DMO

The Debt Management Office (DMO) says its published debt stock for the country is not for the Federal Government alone. The Director-General of DMO, Mrs...

Business

Nigeria Raises Borrowing Limit From 25% To 40% Of GDP

The Nigerian government has raised its borrowing limit from 25 per cent of its Gross Domestic Product (GDP) to 40 per cent, the Debt...

News

Nigeria’s Debt Profile Rises To N32.2tn, Says DMO

The Debt Management Office(DMO) has revealed that Nigeria’s public debt hit a total staggering figure of N32.2tn at the end of September 2020. This...

Economy

Nigeria’s Loan Liability To China Hits $3.1bn, DMO Gives Details

A total of $3.121bn has been borrowed from China, representing 11.28 per cent of the country's external debt as at March 31, 2020, the...

Economy

Anxiety As Nigeria’s Debt Servicing Gulps N609bn In Three Months

Worrying signals emanated from the Debt Management Office, DMO earlier today as it emerges that the country spent $1.69 billion (N609.13 billion) to service...

Business

2020 Budget: Nigeria Mulls Sourcing $2.8 Billion Loan Abroad

The Debt Management Office (DMO) on Friday said the Nigerian government was considering taking a loan from foreign sources to fund the 2020 budget...

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