President Tinubu to meet with Nigeria’s power-generating firms to resolve a critical N4tn debt threatening national electricity stability
Debt Management Office (DMO) states that President Tinubu inherited a total debt of N87.38 trillion, not N21 trillion
NCC orders telecom operators to suspend USSD codes for nine financial institutions over ₦200bn unpaid debts
Nigeria’s Federal Government surpasses 2024 domestic borrowing target by N4 trillion, fueling inflation and economic risks.
Nigeria’s recent Eurobond issue achieved a $9 billion subscription, far exceeding the $1.7 billion target, signaling robust investor confidence and bolstering naira stability.
Nigeria’s House of Representatives is set to deliberate President Tinubu’s $2.2m loan request to fund the 2024 budget deficit
Nigeria’s Debt Management Office raised ₦346.155 billion in its November 2024 bond auction, reflecting high investor demand and increased marginal rates
Nigeria’s external debt reached $42.9bn in Q2 2024, rising +2% QoQ and reflecting the naira’s 13% depreciation.
In 2024, Nigerian states allocated a massive N243.2 billion to debt charges, with Ondo State leading at N64.6 billion
