Foreign debt servicing Archives

DMO: Borrowing helped Nigeria recover from economic shocks

Patience Oniha, director-general of the Debt Management Office (DMO), says federal government relied on debt to finance over 90 percent of budget deficits. Oniha disclosed this at a workshop on

Nigeria’s foreign borrowings surge by over 400% in 10 years

Nigeria’s foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has shown. Nigeria, like the rest of the world, has been grappling with

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DMO: Foreign debt servicing hit $197.29m in Q3

A total of $197.29m was spent on servicing Nigeria’s foreign debts in the third quarter of 2017 (Q3 2017), according to the Debt Management Office (DMO). Data obtained from the

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