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The debt increased by N2.540 trillion between July and September. | Pulse Nigeria

Nigeria’s public debt rose to N38.005 trillion (USD92.626 billion) at the end of Q3, September 30, 2021, according to data published by the Debt

The Debt Management Office (DMO) says Nigeria’s total public debt hit N38.005 trillion at the end of the third quarter (Q3) of 2021.

Views: 162 The Senate on Tuesday received a request from President Muhammadu Buhari to raise the sum of N2,343,387,942,848 from multilateral and bilateral lenders, as well as the International Capital Market (ICM) through the issuance of Eurobonds.  The amount which is equivalent to USD$6, 183,081,643.40 at the Budget Exchange Rate of USD$1/N379, is captured as New External Borrowing in the 2021 Appropriation Act (Item No.330), and meant to part-finance this year’s Budget Deficit of N5.602 trillion.  The request was contained in a letter addressed to the Senate President, Ahmad Lawan, and...

Nigeria redeems $500m Eurobond By Emma Ujah, Abuja Bureau Chief The Debt Management Office (DMO) has announced that Nigeria’s 6.75% $500M JAN 2021 Eurobond, which matured on January 28, 2021 (yesterday) will be redeemed. For this purpose, funds have been made available by the Federal Government of Nigeria to the Fiscal Agent to repay the principal sum of $500 million and final interest payment due on the Eurobond. The DMO said in a statement, yesterday, “By this development, Nigeria continues to demonstrate in practical terms, its commitment towards honouring all its debt service obligati...