Browsing: DEBT

Default risk heightens as Nigeria has breached all debt control measures put in place to checkmate …

The global debt pile increased by some $10 trillion in the first half of 2023, according to IIF

Following a decision to securitise overdraft obtained from the Central Bank, Nigeria’s total public debt has increased strongly to

Zambia has announced that it has reached an agreement on a comprehensive debt treatment with creditors

The total external debt of Africa was estimated at $1.1 trillion in 2022. This is expected to rise to $1.13 trillion

DMO Says Securitisation of CBN’s N22.7trn Advances to FG Will Improve Transparency

Debt Management Office (DMO) has raised N2.2 trillion year to date, a total sum that is more than 91%

Nigerian deposit money banks borrowed about N1.3 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility

Official FX Rate Devaluation Raised Nigeria’s Debt to ₦28.6trn. The National Bureau of Statistics stated that total public debt portfolio of the Federal and State Governments as of March 31 stood at ₦28.63 trillion from ₦27.4 trillion in December, 2019.

Debt Distress Rising in Sub-Saharan Africa, says Fitch. Sub-Saharan Africa (SSA) government debt burdens are rising at a faster pace and to a higher level than for other emerging markets (EM), heightening the risk of further downgrades and defaults, Fitch Ratings says.