Connect with us

Business

The total public debt portfolio of Nigeria has risen to N28.63tn, the Debt Management Office announced on Thursday-

Published

on

The total public debt portfolio of Nigeria has risen to N28.63tn, the Debt Management Office announced on Thursday.

In its Public Debt Portfolio report released on Thursday night, the DMO explained that the country’s total debt rose from the N27.4tn recorded in December 2019 to N28.63tn in March 2020.

The total public debt portfolio of Nigeria has risen to N28.63tn, the Debt Management Office announced on Thursday.

Nigeria’s total external debt obligations as of the end of March this year stood at N9.99tn, the debt office also stated.

The N9.99tn is about N970bn higher than N9.02trn which was recorded as external debt obligations in December 2020.The debt office said the country’s domestic debt was N18.64tn, representing 65.11 per cent of the Nigeria’s debt stock.

The Federal Mortgage Bank of Nigeria has disbursed N440 billion and provided 39,000 homes since 1993, according to Shehu Osidi.
Business5 hours ago

The Federal Mortgage Bank of Nigeria has disbursed N440 billion and provided 39,000 homes since 1993, according to Shehu Osidi.

Tinubu Enacts Legislation Establishing Two Development Commissions
Breaking News17 hours ago

Tinubu Enacts Legislation Establishing Two Development Commissions

Business1 day ago

Fidelity Pension Managers 2023 audited company and fund accounts

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year
Business3 days ago

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year

Press Release3 days ago

Fidelity Bank’s Consistent Strong Growth Excites Investors

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night
Press Release5 days ago

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night

Rep Umoh: Inflation and Unemployment Hinder Nigeria's Economic Potential
Breaking News6 days ago

Rep Umoh: Inflation and Unemployment Hinder Nigeria’s Economic Potential

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition
Press Release1 week ago

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition

Top 5 Most Popular Apps Worldwide
Breaking News1 week ago

Top 5 Most Popular Apps Worldwide

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts
Breaking News1 week ago

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts

Business2 weeks ago

Zenith Bank Capital Markets Day

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit
Business2 weeks ago

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards
Business2 weeks ago

Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards

Unity Bank empowers 400 fresh graduates and invests over N100 million in the Corpreneurship Challenge.
Business2 weeks ago

Unity Bank empowers 400 fresh graduates and invests over N100 million in the Corpreneurship Challenge.

FIRSTBANK SPONSORS “THE NOBLE WARRIOR” PLAY, A 90TH BIRTHDAY TRIBUTE TO WOLE SOYINKA
Business2 weeks ago

FIRSTBANK SPONSORS “THE NOBLE WARRIOR” PLAY, A 90TH BIRTHDAY TRIBUTE TO WOLE SOYINKA

Copyright © FastNews Nigeria