Debt

South-West tops domestic debtors’ list with N1.04trn

The South-West has more domestic debt than other regions of the country. Statistics obtained from the Debt Management Office on…

DMO: Nigeria is most indebted to China at $2.554bn

Chinese credit accounts for 80 percent of all bilateral loans to Nigeria, according to data from the Debt Management Office…

FG spent N610.2bn servicing N13tn domestic debts in Q1

Within a three- month period, covering January to March this year, the federal government spent the sum of N610.2bn paying…

External debt rises by $15.3bn under Buhari

The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration,…

Flour Mills Nigeria reduces net debt by 30% proposes N1.20 dividend

Flour Mills of Nigeria Plc (FMN), has announced a 30 percent reduction on its overall net debt. The announcement was…

Nigeria’s debt stock rises to N24.937trn in Q1, 2019

  The Debt Management Office (DMO) on Wednedsay stated that Nigeria's public sector debt stock rose by 2.30 percent in…

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