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Business

Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time

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)...

Business

Nigeria’s debt hit N121tr in Q1 2024 – DMO

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...

Business

Nigerian govt loses N2.34trn to debt service in six months, as loan burden grows

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...

News

Buhari defends N70tn debt during his administration, says loans well invested

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,...

Business

Nigeria’s debt profile to hit N72trn, as govt plans another N8.8tn loan

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...

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