Politics
DMO Says President Tinubu Inherited N87.38trn Debt
Debt Management Office (DMO) states that President Tinubu inherited a total debt of N87.38 trillion, not N21 trillion
28 January 2025
Tag: Debt
Breaking News
NCC Directs Telcos to Disconnect USSD Codes of Nine Banks Over ₦200bn Debt
NCC orders telecom operators to suspend USSD codes for nine financial institutions over ₦200bn unpaid debts
15 January 2025
Breaking News
Nigeria’s Domestic Borrowing Exceeds Target Amid Economic Pressures
Nigeria’s Federal Government surpasses 2024 domestic borrowing target by N4 trillion, fueling inflation and economic risks.
16 December 2024
Business
Nigeria’s Eurobond Issue Oversubscribed by $9 Billion
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.
3 December 2024
Breaking News
House of Reps Set to Debate Tinubu’s $2.2m Loan Request
Nigeria’s House of Representatives is set to deliberate President Tinubu’s $2.2m loan request to fund the 2024 budget deficit
25 November 2024
Business
FG Raises Over ₦346 Billion From November 2024 Bond Auction
Nigeria’s Debt Management Office raised ₦346.155 billion in its November 2024 bond auction, reflecting high investor demand and increased marginal rates
22 November 2024
Business
Nigeria’s External Debt Hits $42.9bn in Q2 2024 Amid Rising Naira Devaluation
Nigeria’s external debt reached $42.9bn in Q2 2024, rising +2% QoQ and reflecting the naira’s 13% depreciation.
16 November 2024
Business
Nigerian States Struggle with Rising Debt Charges, Diverting Resources from Essential Services
In 2024, Nigerian states allocated a massive N243.2 billion to debt charges, with Ondo State leading at N64.6 billion
3 November 2024
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