Scary: DMO Gives Full Details Of Nigeria’so Debt To China, World Bank, AfDB, Germany, Others

Ms. Patience Oniha, DG, DMOThe Debt Management Office (DMO) has detailed Nigeria’s debts to various countries and multinational institutions in a newly released report. According to the report, Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World BankContinue reading “Scary: DMO Gives Full Details Of Nigeria’so Debt To China, World Bank, AfDB, Germany, Others”

Nigeria’s Rising Debt Profile: Obasanjo Raises Alarm, Warns FG

Former Nigerian President , Chief Olusegun Obasanjo has raised the alarm again but this time over impending bankruptcy likely to face the country in view of its current debt profile. Obasanjo disclosed this as a keynote speaker at the “Why I am Alive” campaign celebration in Lagos on Friday. According to him, “Nigeria’s external debtContinue reading “Nigeria’s Rising Debt Profile: Obasanjo Raises Alarm, Warns FG”