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Economy

FG incurs N950bn new domestic borrowing in Q1 2022 – DMO

THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17 in the presentation of the Public Debt Data as of December 31, 2021, by the Director-General of the DMO, Patience Oniha. In the document, Oniha […]

Economy

Nigeria’s debt set to peak at N45tn in 2022, says DMO report

The total debt stock of Nigeria is likely to reach N45tn as the Debt Management Office plans to borrow an additional N6.39tn to finance the 2022 budget deficit. This was contained in a DMO document obtained by the News Agency of Nigeria on Friday in Abuja. In the document, the Director-General, DMO, Patience Oniha, explained […]

Economy

Nigeria borrowed N6.64tn, serviced debt with N2.93tn in 2021 -DMO

THE Debt Management Office on Thursday said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020. The Director-General, DMO, Patience Oniha, said this at a media briefing in Abuja. According to her, the total debt includes new borrowings by the Federal Government and the sub-nationals. She also said that the […]

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