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Tag: DMO Nigeria Debt

Lagos tops list of states with most external debt
Business

Nigeria’s domestic debt hits N77.81tn in Q3

Nigeria’s domestic debt reached N77.81 trillion as of September 2025, signaling the Federal Government’s ongoing dependence on the local debt market. According to the latest figures released by the Debt Management Office on its official website, federal bonds remain the largest component of the country’s domestic debt. The data also reflect the government’s strategy of […]

News

Nigeria’s external debt may reach $50bn in new DMO data

Nigeria’s external debt stock is projected to reach $50 billion as the Debt Management Office prepares to release its third quarter 2024 public debt data. As of March 31, 2024, Nigeria’s total public debt stood at N121.67 trillion ($91.46 billion), with domestic debt at N65.65 trillion ($46.29 billion) and external debt at N56.02 trillion ($42.12 […]

Economy

Nigeria’s public debt soars to N97.34tn — DMO report

The Debt Management Office of Nigeria has revealed that Nigeria’s public debt has surged to N97.34tn as of the fourth quarter of 2023. This was disclosed by DMO in a statement on Friday, according to The Punch. One way that countries can get extra funding to boost their economies is through government debt. This way, […]