Resent research has showed that Nigeria’s external debt has risen to $42.9 billion as of the end of June 2024. According to the Debt Management Office (DMO), the share of 36 states and the Federal Capital Territory (FCT) constitutes 11 per cent of the loans at $4.89 billion while the Federal Government’s debt stands at…
The Federal Government has announced the listing of a N130 billion sovereign sukuk, the Sharia compliant bond, on the Nigerian Exchange and FMDQ. A statement on Wednesday from the Debt Management Office, DMO, which issues debt instrument on behalf of the government said the latest sukuk will be available for subscription from August 8, 2023….
As at the end of 2022, Nigeria public debt ballooned to N46.25 trillion, whopping $103.11 billion, a report from the Debt Management Office (DMO) said on Thursday. The nation’s debt profile increased by N6.69trn trillion (an equivalence of $7.34 billion) within one year. The comparative figure of public debt as of December 31, 2021, was…
