Features

Inside Nigeria’s States’ Debt Story: Lagos, Kaduna, Delta Borrow More While Imo, Oyo, Kano Cut Back

NIGERIA’s deepening subnational debt crisis came into sharp focus in recent days, as rising borrowings, uneven fiscal discipline, and mounting economic pressures continue.

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News

Debt Servicing Gulped N3.57trn In Third Quarter Of 2024, DMO Reveals

NIGERIA’s total debt service costs, including external and domestic obligations, rose in the third quarter of 2024, reflecting the combined impact of increased.

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News

Katsina Govt Refutes DMO’s Claim Of Incurring Fresh Loans

THE Katsina State Government has refuted the claim by the Debt Management Office (DMO) that the Governor Dikko Radda-led administration has increased the.

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News

13 New Governors Borrowed N226.8bn In Six Months – DMO

IN the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as.

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Business

Nigeria’s Debt Hit N87.9trn By September 2023 – DMO

THE Debt Management Office (DMO) said Nigeria’s total public debt as at September 30, 2023 was N87.91trn or $114.35bn. The DMO, in a.

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News

Nigeria Spent N2.34trn On Debt Servicing In Six Months – DMO

NIGERIA spent N2.34 trillion on debt service within six months, according to a new report by the Debt Management Office (DMO). Nigeria’s debt.

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News

Stay Away From Borrowing More, DMO Sends Paris Warning To Tinubu

– Says, 73.5% Of 2023 Revenue For Debt Servicing THE Debt Management Office (DMO) has issued a warning to President Bola Ahmed Tinubu.

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Business

Lagos, Kaduna, Rivers Top List Of States With Highest Foreign Debts

LAGOS State with a foreign debt of $1.27bn (Domestic debt – N877.04bn), Kaduna with $586.78m (Domestic – N86.86bn) and Rivers with $240.18m (Domestic.

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Business

Incoming Administration Will Inherit N77trn Debt – DMO

NIGERIA’s debt profile is expected to hit N77 trillion as President Muhammadu Buhari leaves office in five months’ time. Patience Oniha, director general.

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