LAGOS DECEMBER 20TH (NEWSRANGERS)-Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59 billion as of September 30, 2023. This is according to the third quarter public debt report published by the Debt Management Office (DMO). According to the statement, the reason for the decline…
LAGOS SEPTEMBER 25TH (NEWSRANGERS)-Nigeria’s external debt has surged by N13.38 tn ($17.38 billion) in the second quarter of 2023 due to a significant devaluation of the naira and changes in foreign exchange policies, according to data from the Debt Management Office (DMO). The country’s external debt rose to N33.25 tn ($43.16bn) in Q2 2023 from…
LAGOS DECEMBER 15TH (NEWSRANGERS)-The Debt Management Office has disclosed that Nigeria’s Public Debt was N38.005tn by third quarter of 2021. This was disclosed in a press statement titled ‘DMO publishes total public debt for Q3 2021’ published on the DMO’s website on Tuesday. It read, “In line with its practice, the Debt Management Office has…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Central Bank of Nigeria’s reserves data shows that the country’s external reserves have dropped by $1.51 billion within 45 days. The data was analysed based on the movement of the country’s external reserves between January 6 to February 18, 2020, as contained in the CBN data on the ‘movement in reserves’ According…
LAGOS DECEMBER 19TH (NEWSRANGERS)-Oil marketers yesterday confirmed receipt of N236 billion being first tranche payment of the outstanding N800 billion subsidy debt owed its members. Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN) confirmed the development to Daily Sun in a telephone interview. ‘‘Yes, I can confirm to you that payment is…
LAGOS NOVEMBER 13TH (NEWSRANGERS)-The Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget, the Debt Management Office has said. DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the…