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Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

10 Countries In Africa With Highest Debt-to-GDP Ratio

What Is Debt-to-GDP? Debt-to-GDP-ratio is an economic indicator that measures how much debt a country has in relation to its Gross Domestic Product (GDP). Often expressed as a percentage, the...

Victor Ezeja

5 months ago

Business·Latest News

Nigeria’s Rising Debt: Strategic Investment Or Financial Crisis In The Making?

...Debt Surge The Nigerian government attributes this recent debt spike mainly to the naira’s devaluation. As currency rates fluctuate, debt payments become more costly in local terms, though they may...

Emmanuel Ochayi

4 weeks ago

Nigeria Debt Crisis: Rising Burden As 36 States' Debts Rise To N11.4tn Amid Declining Internal Revenue

Business·Latest News

Top 15 Nigerian States With Highest External Debt Service Costs In 2024

...highest external debt service costs in 2024. 1. Lagos State Lagos, Nigeria’s commercial capital, had the highest external debt servicing costs in the first half of 2024. The state’s debt...

Emmanuel Ochayi

3 months ago

Bound by Debt: How Nigeria Debt Crisis Fuels Economic Dependence, Limits State Growth

Business·Latest News

Nigeria’s Debt Servicing Rises By 69% in H1, Raising Concerns About Economic Stability

...debt servicing costs surpassed total revenue, consuming 162% of the N3.73 trillion generated during the same period. Debt Servicing Drains Government Resources The impact of rising debt servicing obligations on...

Emmanuel Ochayi

2 months ago

Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

Business·Latest News

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s...

Emmanuel Ochayi

3 months ago

Business·Latest News

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

...debt is primarily attributed to the naira’s depreciation, which reduced the total debt in dollar terms by $16.77 billion or 18.34 per cent. The DMO converted external debts to naira...

Emmanuel Ochayi

5 months ago

Business·FEATURES·Latest News

How Nigeria’s Debt Crisis Fuels Economic Dependence, Limits State Growth

...how can Nigeria’s states manoeuvre their way out? Debt Surge Despite FAAC Allocations The Debt Management Office (DMO) has reported that Nigeria’s total state debt has risen significantly, moving from...

Emmanuel Ochayi

2 weeks ago

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Africa·Business·Latest News

AfDB Launches Initiative To Tackle Continent’s Rising Debt Challenges

...debt crisis. “The ADMIN seeks collaboration with partners engaged in debt sustainability and financial management,” Ogunleye added, underscoring the initiative’s focus on innovative financing, robust debt management systems, and risk...

Emmanuel Ochayi

11 months ago

Business·Latest News

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

...largest creditors. Domestic Debt: Nigeria’s domestic debt, amounting to approximately ₦59.12 trillion, constitutes a substantial portion of the overall public debt. This includes various instruments such as FGN securities, treasury...

Emmanuel Ochayi

8 months ago

Business·Latest News·Top Stories

Rising Burden As 36 States’ Debts Hit N11.4tn Amid Declining Internal Revenue

Nigeria’s Debt Burden: States Struggle to Stay Afloat As of June 2024, Nigeria’s debt continues to rise, creating financial challenges for states across the nation. Debt Management Office (DMO) data...

Emmanuel Ochayi

2 weeks ago

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Debt

10 Countries In Africa With Highest Debt-to-GDP Ratio

Nigeria’s Rising Debt: Strategic Investment Or Financial Crisis In The Making?

Top 15 Nigerian States With Highest External Debt Service Costs In 2024

Nigeria’s Debt Servicing Rises By 69% in H1, Raising Concerns About Economic Stability

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

How Nigeria’s Debt Crisis Fuels Economic Dependence, Limits State Growth

AfDB Launches Initiative To Tackle Continent’s Rising Debt Challenges

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

Rising Burden As 36 States’ Debts Hit N11.4tn Amid Declining Internal Revenue

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