Tag: Public Debt
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Nigeria’s public debt stock increases to N97.34trn in Q4 2023 – NBS
Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars ) in the fourth quarter of 2023. The National Bureau of Statistics (NBS) said this on Tuesday in its Nigerian Domestic
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Nigeria’s public debt hits N97 trillion
Nigeria’s public debt stock as at Dec. 31, 2023 was N97.341 trillion (108.229 billion dollars), according to data released by the Debt Management Office (DMO) on Friday in Abuja.
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Nigeria’s $1.5B World Bank loan spark concerns
A former Deputy Governor of the Central Bank of Nigeria and presidential aspirant under the African Democratic Congress (ADC) Kingsley Moghalu, has raised concern over Nigeria’s plan to borrow $1.5 billion from the World Bank. As part of the government’s efforts to address the fiscal gap in the 2023 budget, the Minister of Finance, Budget…
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Nigeria’s public debt stock increases to N87.38 trillion
Nigeria’s public debt stock increased from N49.85 trillion (108.30 billion dollars ) in the first quarter of 2023 to N87.38 trillion (113.42 billion dollars ) in the second quarter of 2023.
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Nigeria’s Public debt hits N49 trillion
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the Federal Government, the 36 states, and the Federal Capital Territory (FCT).
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Africa’s slow economic growth insufficient to reduce extreme poverty – World Bank
The growth recovery in Nigeria for 2023 is still fragile as oil production remains subdued and the new administration faces many policy challenges. A new world bank report has revealed that Sub-Saharan Africa faces a myriad of challenges to regain its growth momentum, including the protracted slowdown of growth of investment in the region, which…
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Nigeria’s public debt shoots to N39 trillion
The Debt Management Office (DMO), says Nigeria’s public debt as at December, 2021 is N39.55 trillion.
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Nigeria public debt stands at N26.2 trillion – DMO
The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha, made this known during a presentation of Public Debt Data as at September 30, 2019 in Abuja on Friday. Oniha explained that the debt comprised the Federal Government and 36…
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Nigeria’s total Public Debt hits N22.38tr – DMO
The Debt Management Office (DMO) on Tuesday, disclosed that as at June 30, 2018, the nation’s Public Debt comprises Domestic and External Debt Stock of the Federal and 36 State Governments and the Federal Capital Territory, stood at N22.38 trillion or $73.21 billion. Addressing newsmen in Abuja, the debt office explained that this figure was…