Nigeria faces a growing challenge in managing its debt, with a significant portion of government revenue projected to be swallowed by interest payments in 2024. This concerning outlook comes from…
Nigeria’s public debt stock has skyrocketed to ₦121.67 trillion ($91.46 billion) as of March 31, 2024, according to the Debt Management Office (DMO). This represents a significant increase of ₦24.33…
CEM REPORT, FINANCE| The Nigerian government has made significant progress in raising funds through domestic borrowing for the 2024 budget. As of May 2024, the Debt Management Office (DMO) has…
CEM REPORT, ECONOMY | Lagos State Governor, Babajide Sanwo-Olu, recently announced a package of palliatives aimed at cushioning the economic hardships faced by residents amidst the current economic challenges in…
CEM REPORT, ECONOMY | Several African nations are seeking debt relief from its various creditors to be able to stabilise their economies in the face of global economic challenges. The…