Who Will Pay This Debt? – Expert Reacts As Nigeria’s Public Debt Hits ₦159 Trillion
A financial expert, Paul Alaje, has warned that Nigeria’s growing debt profile will ultimately be borne not only by current citizens but...
DMO
Nigeria’s Public Debt Hits ₦159.28 Trillion In December – DMO
Nigeria’s total public debt rose to ₦ 159.28 trillion as of December 31, 2025, according to the latest data released by the...
FG Turns More To Local Debt Market, Targets ₦900 Billion In January
The Federal Government has announced plans to raise as much as ₦900 billion from the domestic debt market through its January 2026...
Nigeria Secures $10 Billion Loans From Multilateral Organisations [See Details]
The Federal Government has contracted over $10 billion in external loans in the last two years, according to data from the Debt...
Nigeria’s Public Debt Hits ₦149 Trillion
The most recent publication by the Debt Management Office (DMO) states that as of March 31 2025, Nigeria’s total public debt increased...
DMO Clarifies Nigeria’s Debt Figures, Says Tinubu Inherited ₦87.38 Trillion
The Debt Management Office (DMO) has clarified that President Bola Ahmed Tinubu inherited a total public debt of ₦87.38 trillion upon assuming...
Nigeria’s Public Debt Hits ₦142.3 Trillion Amid Naira Depreciation
Nigeria’s total public debt rose to ₦142.3 trillion as of September 30, 2024, reflecting a 5.97 percent increase from ₦134.3 trillion in...
Nigeria’s External Debt Projected To Hit $45.1 Billion In 2024 As FG Approves $2.2 Billion Borrowing Plan
Nigeria’s external debt stock is projected to rise to $45.1bn by the end of 2024 as the Federal Government seeks additional funding...
12 Govs Hire 4,835 Aides Amid Rising Debts
Despite persistent calls to reduce the cost of governance and curtail excessive borrowing, 12 state governors have appointed a total of 4,385...
‘Pornographic Clip Interrupts DMO Investors’ Call During Meeting
In an unexpected and embarrassing turn of events, a pornographic video clip interrupted a crucial investors’ call organized by Nigeria’s Debt Management...
Nigeria’s ₦121.67tr Debt Normal, Within Limit – DMO
The Debt Management Office (DMO), has insisted that Nigeria’s staggering public debt profile is okay and very much within reasonable limits. This...
Nigeria’s Public Debt Increased By ₦24.33 Trillion In Three Months – DMO
Nigeria’s total public debt has surged to a staggering ₦121.67 trillion as of March 31, 2024, marking a significant rise of ₦24.33...
Poverty, Food Crisis In Nigeria Is High – IMF Says, Amid $2.8 Billion Debt
According to the International Monetary Fund (IMF), the poverty rate and food insecurity in Nigeria are currently high. Naija News reports that...
Nigeria’s Debt Hits ₦89.71 Trillion DMO
The Debt Management Office (DMO), on Wednesday, announced that the total public debt of Nigeria had increased to ₦89.71 trillion at the...
Naira Depreciation Pushes Nigeria’s External Debt From ₦19 To ₦33 Trillion
The continuous depreciation in Nigeria’s naira has pushed the country’s external debt to ₦33.25 Trillion from ₦19.64 trillion. Naija News reports that...
Nigeria Redeems $500 Million Eurobond Debt
The Debt Management Office (DMO) has said Nigeria has redeemed a $500 million Eurobond on its due date on July 12, 2023....
Worries As DMO Confirms Nigeria’s Debt Has Hit ₦49.8trn
In a publication on Friday (today), the Debt Management Office (DMO) confirmed that Nigeria’s debt profile has now risen to $108.3bn (N49.8trn)....
Stay Away From Borrowing More From China, Others – DMO Warns Tinubu Govt
The Debt Management Office (DMO) has issued a warning to the Bola Tinubu-led Federal Government (FG) against additional borrowing. Naija News reports...
Wike, Ortom, Ganduje, Other Outgoing Govs To Get Jumbo Pensions Despite Leaving Behind ₦3 Trillion Debt
A report has revealed that outgoing governors, including Nyesom Wike (Rivers State), Ifeanyi Okowa (Delta State), Abdullahi Ganduje (Kano State), Udom Emmanuel...
DMO Names Major Factors Responsible For Nigeria’s ₦46.25 Trillion Debt Stock
A combination of three major reasons has been given for the continuous growth of the nation’s debt stock. Naija News reports that...
