Tag: Debts

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Nigeria must diversify exports to lessen growing debts — W’Bank

The World Bank has warned that Nigeria and other Sub-Saharan African countries must pursue export diversification and fiscal reforms to effectively address their growing debt challenges. The warning was contained in the newly released International Debt Report 2025 published by the global financial institution. The report identifies Sub-Saharan Africa as an outlier among global regions, […]

Tunisia clears all 2023 debts despite financial pressure
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Tunisia clears all 2023 debts despite financial pressure

Tunisia has managed to pay off all of its internal and external debts for 2023, despite significant pressure on the state resources. Reuters reported that this was confirmed by the Finance Minister, Sihem Boughdiri on Monday, putting an end to concerns about the possibility of a default. However, an official document stated that Tunisia will pay $4 billion in […]

Business

Nigeria’s public debt hits N87.3trn Q2 2023- DMO

Nigeria’s overall public debt increased to N87.38 trillion by the end of the second quarter of 2023, according to the Debt Management Office. According to The Times, when compared to the N49.85tn reported at the end of March 2023, this statistic shows a significant rise of 75.29 percent or N37.53tn. In a recent report, the DMO […]