Nigeria has adopted new software developed by the Commonwealth Secretariat aimed at transforming the nation’s handling of its substantial $114.35 billion debt portfolio. The Senior Communications Officer at the Communications Division of the Commonwealth Secretariat, Snober Abbasi, disclosed the nation’s adoption of a more robust technological solution, Meridian software, for debt management in a statement […]
Nigeria’s public debt stock has surged to N87.38 trillion (US$113.42 billion) in Q2 2023 from N49.85 trillion (US$ 108.30 billion) in Q1 2023, representing a 75.27% growth on a quarter-on-quarter basis. The National Bureau of Statistics (NBS), the national statistics coordinating agency in Nigeria, reported on Thursday, in its ‘Nigerian Domestic & Foreign Debt Q2 […]
Nigeria is obliged to redeem a $500 million Eurobond this month following the repayment timeline despite the current fiscal and economic headwinds the Nigerian government is contending with now. Available data on the foreign debt instrument repayment terms sourced from the Debt Management Office (DMO) indicate that the $500 million Eurobond loan is due for […]