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Nigeria’s Public Debt Stock Increases To N42.84trn
The National Bureau of Statistics has said Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021. This is an increase to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2020. Public debt stock includes external and domestic debts. NBS said in its Nigerian Domestic and…
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Nigeria’s Domestic Debts Hit N4.2tn In Q3 2021
The domestic debt owed by state governments and the Federal Capital Territory Administration rose to N4.2tn at the end of the third quarter of 2021. According to the latest data from the Debt Management Office, this is an increase from N4.12tn in Q2 of the year under review. The N4.2tn debt represents 23.04 per cent…
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Five States Lead Subnational Debts In Q2 2020
Data from the Debt Management Office has revealed that Lagos, Rivers and Akwa Ibom are the three most indebted states within the country at the end of the second quarter of 2021. The domestic debts owed by state governments and the Federal Capital Territory Administration stood at N4.12tn, representing 18.94 percent of the country’s domestic…
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FG, States Owe N33.11trn Debt In Q1 2021
The National Bureau of Statistics has said the Federal and State governments owe a total sum of N33.11 trillion in public debts, as at March 31, 2021. NBS disclosed this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”. It added that upon disaggregation, the nation’s total public debt indicated that…
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Nigeria Serviced Domestic Debts With N612.7b In 3 Months
The Federal Government has spent N612.71 billion from January to March 2021 to service domestic debt obligations. In a report by the Debt Management Office, the government redeemed its Nigerian Treasury Bills (obligations by paying holders of mature NTBs N17.23 billion in January, N12.3 billion in February and N5.49 billion in March 2021– totalling N35.03…