• Advert Rate
Thursday, July 3, 2025
  • Login
TVC News
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • TVCNews-AI
    • AI TVC News Yoruba
    • AI TVC News Hausa
    • AI TVC News Pidgin
    • AI TVC News Igbo
No Result
View All Result
No Result
View All Result
TVC News
No Result
View All Result

Nigeria’s total debt stock rises to N24.9tr – DMO

July 10, 2019
in Business News, Latest Nigeria News
Nigeria’s total debt stock rises to N24.9tr – DMO
Share on FacebookShare on Twitter

Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019.

The Debt Management Office (DMO) released the figure Wednesday morning noting “the Total Public Debt grew marginally by 2.30% when compared to the figure of N24.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.”

The increase of N560.009 Billion in the Total Public Debt in Q1 2019, the DMO said: “was accounted for largely by Domestic Debt which grew by N458.363 Billion.”

Increases, the DMO added were recorded “in the Domestic Debt Stock of the FGN, States and the FCT.”

External Debt also increased by N101.646 Billion during the same period.

The nation’s debt manager also stated that “in relation to the Debt Management Strategy, the Ratio of Domestic to External Debt stood at 68.49% to 31.51% at the end of March 2019.”

The DMO assured that the Total Public Debt to GDP Ratio stood at 19.03% is within the 25% Debt Limit imposed by the Government.

Details shortly…

Next Post
Airtel lists 3.7 billion shares on the Nigerian Stock Exchange

Airtel lists 3.7 billion shares on the Nigerian Stock Exchange

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player
Get Breaking News Alerts on WhatsApp! Subscribe now and never miss an update
ADVERTISEMENT

Headlines

  • Live-Stream
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Entertainment

Shows

  • Issue With Jide
  • Journalist Hangout
  • This Morning
  • TVC Breakfast
  • Today in the news
  • Documentaries

Live TV

  • Windows & Mac
  • iPhone & iPad
  • Android & IOS

App Download

  • Download Android App
  • Download for iOS
  • HOME
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • World News
  • Politics
  • Business
  • Sport
  • Tech
  • Health
  • Entertainment
  • Show
    • Election 2023
    • Journalist Hangout
    • Issue With Jide
    • Trending Video
  • TVCNews-AI
    • AI TVC News Yoruba
    • AI TVC News Hausa
    • AI TVC News Pidgin
    • AI TVC News Igbo

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In