Trending News: Warri Federal Constituency: INEC Presents Delineation Report to Delta Ethnic GroupsSouthern Govs Mourn Olunloyo, Say He Was Highly Distinguished Among GeniusesTinubu May Commission Projects in FCT Area Councils Next Month PCNGi, Firm Sign $27.3m Deal to Construct 7mmscfd LNG PlantOne Dead, Two Injured as Container Falls on Seven Vehicles in LagosSeven Die, Four Injured in Lagos-Ibadan Expressway CrashTragedy As Tipper Crash Claims Multiple Lives In Nigeria’s Capital TerritoryUkachukwu Emerges APC Guber Candidate for Anambra Nov PollBreaking: Ex-Oyo Governor, Omololu Olunloyo, Dies at 89EXCLUSIVE: Newly Married Woman Who Stopped Working With Patience Jonathan In 2018 Among Domestic Staff Detained Since 2019 Over Missing JewelleryBREAKING: Herdsmen Invade Benue Community And Hometown Of Ex-Senate President David Mark, Residents Currently FleeingUS Tariffs: To Maintain Liquidity, CBN Injects Dollars into FX MarketTension Grips Kano over Emir Sanusi’s Invitation by IGDMO: Nigeria’s Public Debt Stood at N144.665 Trillion in December 2024Anti-Trump Rallies Draw Thousands Across USPolice Issue Red Alert on Planned April 7 Nationwide ProtestUromi Killings: Kaduna Police Arrest Impostor Threatening ReprisalsTinubu to Alaafin: Foster Peace, Promote Cultural Identity, Support GovernanceCross River Governor, Otu, Cancels Leave Extension, Resumes DutiesLagos Vows Justice over Death of Pregnant Woman Allegedly Denied Emergency CareTinubu, Abbas, Northern Governors Condemn Killings  in Plateau CommunitiesAt Senegal’s 65th Independence Anniversary: Shettima Canvasses Deeper Cooperation in Trade, Security, DemocracyOkpebholo: Ighodalo, PDP’s Appeal will Crash at Appeal CourtAnambra Governorship Primaries: APGA Returns Soludo Unopposed, Moghalu Wins LP TicketEdo Moves to Reclaim Oil Wells Allegedly Ceded to DeltaFG Budgets N450 Billion for Renewable Energy, Poverty Reduction, Says MinisterAtiku: Reports of My Resignation from PDP Malicious Lies, Political Hatchet JobBe Guided by National Interest, House Committee Chair Tells New NNPCL BossEducation Minister Seeks Extension of NYSC Scheme to Two YearsTinubu Working to Reposition Health Sector, Says ShettimaEdwin Clark for Burial May 13President to Commission Projects in FCT Councils for Second Anniversary, Says WikeNavy Confiscates Vessels Carrying Illicit Arms, Crude Oil in Niger Delta2027: Gusau, Others Host North-central Power-shift AgitatorsBroadcasting Talents Nigeria Honours Sanwo-OluLagos Lawmaker, Okanlawon, Celebrates 60 in StyleHow Filmmaker Nnegest Likké’s ‘Phat Girlz’ Brought Afrobeats to Hollywood 19 Years AgoSnapshots of iREP 2025Oluyinka Adewoye Tackles Hunger with FoundationWhy Senator Jibrin Barau is North-west’s Most Important Political ForceAgain, Ex-Minister Betta Edu Sets Tongues WaggingWho is Afraid of Senator Yayi? Aisha Rimi’s Matchless ExploitsTokunbo Wahab’s Unmatched Drive to Clean Up LagosEmmanuel Uduaghan’s Good ExampleFemi Gbajabiamila’s Legacy of EmpowermentWhat’s Cooking in Nigeria’s Merchant Banking Scene?For Mele Kyari, It’s the End of an EraWHY PRESIDENTS AND VPS SHOULD RARELY TRAVEL TOGETHERAKINBORO AND SUBSERVIENT FEDERALISMRIVERS’ EMERGENCY RULE: WHAT’S NEXT?MELE  KYARI: END OF A GLORIOUS CAREERTribunal: Ighodalo, PDP Cry Foul, Head to Appeal CourtFor Tsiga, There was Indeed a CountryGovernment’s Culpability in Edo KillingsTasks Before Bayo Ojulari at NNPCLSydney Okechukwu Edeh: Leading Enugu ALGON in an Era of Disruptive InnovationUrgent Aid Saves GBV Shelter From Imminent ClosureDSO or Die Trying: Why Nigeria Must Ditch the Past and Embrace a Digital FutureConstruction of Illegal Structures on Major Canal: Can Sanwo-Olu Stop Land Grab Threatening Jalupon Close, Surulere, Mushin, Apapa?DMO: Nigeria’s Public Debt Grew 49% to N144.67tn by December 2024Julius Berger Rejigs Infrastructural Devt in RiversAtiku’s Alleged Resignation from PDP Malicious LiesTackle Insecurity to Boost Earnings from Tourism, Gani Adams Tasks GovtMakavilla Production Unveils ‘Slave Warrior’ Series Revealing Rivers Potential Amid CrisisOladunjoye’s Passing, A Profound Loss, Says Gov AbiodunCourt Restrains PDP from Tempering with Dan Orbih’s South-south LeadershipAbia Beams Searchlight on Traditional Rulers over Alleged Complicity in CrimeBREAKING: Lagos Police Command Alerts Officers To April 7 Nationwide Protest, Plans Massive DeploymentAU Applauds Nigeria Police Competence, Professionalism During Peacekeeping Operations EFCC, ICPC Urged to Probe Ebonyi Commissioners Over Alleged Contract Racketeering Sokoto Police Command Launches Community-focused Initiatives to Mark National Police DayNational Police Day: Bayelsa Command Offers Free Medical Services to ResidentsAt Senegal’s 65th Independence Day, Nigeria Hails Strategic Relationship As Key To W’African Stability, Economic GrowthMy Life in Danger, Man Cries Out for Help after Encounter with Herders in ImoLAPO Names Obazee as Board ChairCNYA: Declaring Achimugu Wanted Will Discourage InvestorsWike Appoints Justice Dongban-Mensem Chairman IBB Golf Club Board of TrusteesHealthcare: Uba Sani’s Kaduna as Medical PowerhousePlateau Killings: Death Toll Hits 52 as More Corpses Are RecoveredAkpabio: Akpoti-Uduaghan Lied, I Never Plotted Her AssassinationNNPC Continues Reform, Names Ewubare COO, Adesua Dozie Company SecretaryConcerns of Rising Cases of Mental Health Disorder among YouthMiva University Targets 20,000 Students by December,Mutfang: Nigeria Made Mistake Allowing Non-state Actors to Acquire CapabilitiesWith Tariffs, WTO Foresees Contraction in Global Merchandise Trade VolumeImo Community Leader Hails Uzodinma for Re-awarding Awomamma-Okwudor RoadNew Fictional Novel Exposes Dark Realities of Power, CorruptionEntrepreneurs Development: NDDC Boost Niger Delta Chamber of Commerce with N10bnFubara’s Kinsmen Ask Tinubu to Halt Emergency Rule, Rescind Suspension OrderTrump Extends Deadline for TikTok to Get US Buyer by 75 DaysTro-vest Capital Solidifies Position With AFILA AwardTinubu Mourns Bauchi-Based Islamic Cleric, TanshiCourt Sentences Man for Money Laundering, Orders Forfeiture of $40,000Community Leaders Laud Soludo’s Achievements in Anambra, Endorse Him for Second TermPCNGI, Firm Sign $27.3m Mini-LNG Deal to Boost CNG PenetrationGueye Names Mane as Senegal’s Best Ever in Premier LeagueOlayemi Cardoso: Rebuilding Confidence, Reducing Vulnerabilities in Nigeria’s EconomyAkpabio and the Price of LoyaltySocial Media and Spirituality Concerns
Sun. Apr 6th, 2025
Trending News: Warri Federal Constituency: INEC Presents Delineation Report to Delta Ethnic GroupsSouthern Govs Mourn Olunloyo, Say He Was Highly Distinguished Among GeniusesTinubu May Commission Projects in FCT Area Councils Next Month PCNGi, Firm Sign $27.3m Deal to Construct 7mmscfd LNG PlantOne Dead, Two Injured as Container Falls on Seven Vehicles in LagosSeven Die, Four Injured in Lagos-Ibadan Expressway CrashTragedy As Tipper Crash Claims Multiple Lives In Nigeria’s Capital TerritoryUkachukwu Emerges APC Guber Candidate for Anambra Nov PollBreaking: Ex-Oyo Governor, Omololu Olunloyo, Dies at 89EXCLUSIVE: Newly Married Woman Who Stopped Working With Patience Jonathan In 2018 Among Domestic Staff Detained Since 2019 Over Missing JewelleryBREAKING: Herdsmen Invade Benue Community And Hometown Of Ex-Senate President David Mark, Residents Currently FleeingUS Tariffs: To Maintain Liquidity, CBN Injects Dollars into FX MarketTension Grips Kano over Emir Sanusi’s Invitation by IGDMO: Nigeria’s Public Debt Stood at N144.665 Trillion in December 2024Anti-Trump Rallies Draw Thousands Across USPolice Issue Red Alert on Planned April 7 Nationwide ProtestUromi Killings: Kaduna Police Arrest Impostor Threatening ReprisalsTinubu to Alaafin: Foster Peace, Promote Cultural Identity, Support GovernanceCross River Governor, Otu, Cancels Leave Extension, Resumes DutiesLagos Vows Justice over Death of Pregnant Woman Allegedly Denied Emergency CareTinubu, Abbas, Northern Governors Condemn Killings  in Plateau CommunitiesAt Senegal’s 65th Independence Anniversary: Shettima Canvasses Deeper Cooperation in Trade, Security, DemocracyOkpebholo: Ighodalo, PDP’s Appeal will Crash at Appeal CourtAnambra Governorship Primaries: APGA Returns Soludo Unopposed, Moghalu Wins LP TicketEdo Moves to Reclaim Oil Wells Allegedly Ceded to DeltaFG Budgets N450 Billion for Renewable Energy, Poverty Reduction, Says MinisterAtiku: Reports of My Resignation from PDP Malicious Lies, Political Hatchet JobBe Guided by National Interest, House Committee Chair Tells New NNPCL BossEducation Minister Seeks Extension of NYSC Scheme to Two YearsTinubu Working to Reposition Health Sector, Says ShettimaEdwin Clark for Burial May 13President to Commission Projects in FCT Councils for Second Anniversary, Says WikeNavy Confiscates Vessels Carrying Illicit Arms, Crude Oil in Niger Delta2027: Gusau, Others Host North-central Power-shift AgitatorsBroadcasting Talents Nigeria Honours Sanwo-OluLagos Lawmaker, Okanlawon, Celebrates 60 in StyleHow Filmmaker Nnegest Likké’s ‘Phat Girlz’ Brought Afrobeats to Hollywood 19 Years AgoSnapshots of iREP 2025Oluyinka Adewoye Tackles Hunger with FoundationWhy Senator Jibrin Barau is North-west’s Most Important Political ForceAgain, Ex-Minister Betta Edu Sets Tongues WaggingWho is Afraid of Senator Yayi? Aisha Rimi’s Matchless ExploitsTokunbo Wahab’s Unmatched Drive to Clean Up LagosEmmanuel Uduaghan’s Good ExampleFemi Gbajabiamila’s Legacy of EmpowermentWhat’s Cooking in Nigeria’s Merchant Banking Scene?For Mele Kyari, It’s the End of an EraWHY PRESIDENTS AND VPS SHOULD RARELY TRAVEL TOGETHERAKINBORO AND SUBSERVIENT FEDERALISMRIVERS’ EMERGENCY RULE: WHAT’S NEXT?MELE  KYARI: END OF A GLORIOUS CAREERTribunal: Ighodalo, PDP Cry Foul, Head to Appeal CourtFor Tsiga, There was Indeed a CountryGovernment’s Culpability in Edo KillingsTasks Before Bayo Ojulari at NNPCLSydney Okechukwu Edeh: Leading Enugu ALGON in an Era of Disruptive InnovationUrgent Aid Saves GBV Shelter From Imminent ClosureDSO or Die Trying: Why Nigeria Must Ditch the Past and Embrace a Digital FutureConstruction of Illegal Structures on Major Canal: Can Sanwo-Olu Stop Land Grab Threatening Jalupon Close, Surulere, Mushin, Apapa?DMO: Nigeria’s Public Debt Grew 49% to N144.67tn by December 2024Julius Berger Rejigs Infrastructural Devt in RiversAtiku’s Alleged Resignation from PDP Malicious LiesTackle Insecurity to Boost Earnings from Tourism, Gani Adams Tasks GovtMakavilla Production Unveils ‘Slave Warrior’ Series Revealing Rivers Potential Amid CrisisOladunjoye’s Passing, A Profound Loss, Says Gov AbiodunCourt Restrains PDP from Tempering with Dan Orbih’s South-south LeadershipAbia Beams Searchlight on Traditional Rulers over Alleged Complicity in CrimeBREAKING: Lagos Police Command Alerts Officers To April 7 Nationwide Protest, Plans Massive DeploymentAU Applauds Nigeria Police Competence, Professionalism During Peacekeeping Operations EFCC, ICPC Urged to Probe Ebonyi Commissioners Over Alleged Contract Racketeering Sokoto Police Command Launches Community-focused Initiatives to Mark National Police DayNational Police Day: Bayelsa Command Offers Free Medical Services to ResidentsAt Senegal’s 65th Independence Day, Nigeria Hails Strategic Relationship As Key To W’African Stability, Economic GrowthMy Life in Danger, Man Cries Out for Help after Encounter with Herders in ImoLAPO Names Obazee as Board ChairCNYA: Declaring Achimugu Wanted Will Discourage InvestorsWike Appoints Justice Dongban-Mensem Chairman IBB Golf Club Board of TrusteesHealthcare: Uba Sani’s Kaduna as Medical PowerhousePlateau Killings: Death Toll Hits 52 as More Corpses Are RecoveredAkpabio: Akpoti-Uduaghan Lied, I Never Plotted Her AssassinationNNPC Continues Reform, Names Ewubare COO, Adesua Dozie Company SecretaryConcerns of Rising Cases of Mental Health Disorder among YouthMiva University Targets 20,000 Students by December,Mutfang: Nigeria Made Mistake Allowing Non-state Actors to Acquire CapabilitiesWith Tariffs, WTO Foresees Contraction in Global Merchandise Trade VolumeImo Community Leader Hails Uzodinma for Re-awarding Awomamma-Okwudor RoadNew Fictional Novel Exposes Dark Realities of Power, CorruptionEntrepreneurs Development: NDDC Boost Niger Delta Chamber of Commerce with N10bnFubara’s Kinsmen Ask Tinubu to Halt Emergency Rule, Rescind Suspension OrderTrump Extends Deadline for TikTok to Get US Buyer by 75 DaysTro-vest Capital Solidifies Position With AFILA AwardTinubu Mourns Bauchi-Based Islamic Cleric, TanshiCourt Sentences Man for Money Laundering, Orders Forfeiture of $40,000Community Leaders Laud Soludo’s Achievements in Anambra, Endorse Him for Second TermPCNGI, Firm Sign $27.3m Mini-LNG Deal to Boost CNG PenetrationGueye Names Mane as Senegal’s Best Ever in Premier LeagueOlayemi Cardoso: Rebuilding Confidence, Reducing Vulnerabilities in Nigeria’s EconomyAkpabio and the Price of LoyaltySocial Media and Spirituality Concerns
Sun. Apr 6th, 2025

DMO: Nigeria’s Public Debt Grew 49% to N144.67tn December 2024

Ndubuisi Francis in Abuja 

Nigeria’s total public debt, comprising debts owed by the Federal and state governments, as well as the Federal Capital Territory (FCT)  increased to N144.67 trillion ($94.23 billion) by December  31, 2024, up from N97.34 trillion ($108.23 billion) posted at the end of December 2023, the Debt Management Office (DMO) has revealed.

In its latest debt statistics, the figure represented a 48.58 per cent year-on-year increase.

The steep increase was traced to new external borrowings and the impact of naira depreciation, which raised the naira equivalent of dollar-denominated debt.

According to the debt management agency, the statistics equally revealed a quarter-on-quarter rise of 1.65 per cent from the N142.32 trillion ($88.89 billion) recorded at the end of September 2024.

The development underscored the unabating rise in the nation’s public debt profile. 

Details later…

    • Hot Source

    Related Posts

    AfDB President Adesina mourns ex-Oyo gov Olunloyo
    AfDB President Adesina mourns ex-Oyo gov Olunloyo

    The President of the African Development Bank Group, Dr Akinwumi Adesina, has mourned the passing of a former governor of Oyo State, Dr. Omololu Olunloyo. PUNCH Online reports that Olunloyo’s death was announced on Sunday by his family, who revealed that he died a few days before his 90th birthday. Paying tribute to the late
    Read More

    The President of the African Development Bank Group, Dr Akinwumi Adesina, has mourned the passing of a former governor of Oyo State, Dr. Omololu Olunloyo. PUNCH Online reports that Olunloyo’s death was announced on Sunday by his family, who revealed that he died a few days before his 90th birthday. Paying tribute to the late

    Read More

    Continue reading
    ‘We immortalised him in his lifetime,’ Makinde mourns Olunloyo
    ‘We immortalised him in his lifetime,’ Makinde mourns Olunloyo

    Oyo State Governor, Seyi Makinde, on Sunday, said he was happy to immortalise the late former Governor of the state, Omololu Olunloyo, who died at the age of 90 years this morning. Makinde, in a statement to mourn the former governor of the state, in Ibadan, the state capital, described his death as the exit
    Read More

    Oyo State Governor, Seyi Makinde, on Sunday, said he was happy to immortalise the late former Governor of the state, Omololu Olunloyo, who died at the age of 90 years this morning. Makinde, in a statement to mourn the former governor of the state, in Ibadan, the state capital, described his death as the exit

    Read More

    Continue reading

    Leave a Reply

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

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Biz & Economy

    Gen Z billionaires: Top 10 youngest richest people under 26 years 
    Biz & Economy

    Gov. Eno disburses N50 million grants to 500 petty traders in Akwa Ibom 
    Biz & Economy

    UK university offers £10K scholarships to 85 international postgraduate students 
    Biz & Economy

    Tinubu approves establishment of over 8,800 Primary Healthcare Centres across Nigeria 
    Biz & Economy

    FG, Julius Berger to address Third Mainland Bridge deflection issues through design review in Germany 
    Biz & Economy

    Education minister proposes two-year NYSC scheme, seeks expansion of skill training program 
    Biz & Economy

    FG orders closure of waterway between Eko and Carter Bridges over dredging damage 
    Biz & Economy

    FG orders federal tertiary institutions to publish financial, student data by May 31 
    Biz & Economy

    TotalEnergies declares N27bn profit for 2024

    TotalEnergies declares N27bn profit for 2024
    Biz & Economy

    JAMB says April 7 not deadline for 2025 Direct Entry registration 
    Biz & Economy

    TotalEnergies reports 140.35% surge in full-year profit as revenue surpasses N1 trillion, recommends N40 final dividend 
    Biz & Economy

    Ogun Govt plans film and entertainment village, begins Olumo Rock, MKO residence renovation 
    Biz & Economy

    Weekly Market Wrap: All-Share Index dips 0.14% as market activity declines, banking sector records modest gains 
    Biz & Economy

    BREAKING: CBN injects $197.71 million into FX market to boost liquidity and stability 
    Biz & Economy

    Trade war: Trump’s 10% baseline tariffs take effect, higher duties to follow 
    Biz & Economy

    Lack of funding major cause of African startups’ shutdowns in 2024 -Report  
    Biz & Economy

    Nigeria’s official exchange rate crashes to N1,600/$1 as Trump tariffs rattle global markets
    Biz & Economy

    Unilever, UK Government and EY, announce grant of £500,000 for five West African Startups, including three in Nigeria 
    Biz & Economy

    Transcorp Hotels announces N7.6bn dividend for shareholders, plans flagship 5-Star property in Ikoyi 
    Biz & Economy

    Input cost inflation cools to 10-month low as PMI hits 54.3 in March – Report 
    Biz & Economy

    NNPC announces new senior management team

    NNPC announces new senior management team
    Biz & Economy

    French aerospace company Dassault Aviation considers setting up MRO facility at Ogun’s Gateway Airport 
    Biz & Economy

    BREAKING: Nigeria’s total public debt hits N144.67 trillion in December 2024 
    Biz & Economy

    Navy destroys illegal refining sites, seizes vessels across states in March operation 
    Biz & Economy

    YouTube increases YouTube Premium service price by 54% in Nigeria 
    Biz & Economy

    Ecobank launches suit to stop Barbican Capital, others from selling shares in FBN Holdings

    Ecobank launches suit to stop Barbican Capital, others from selling shares in FBN Holdings
    Biz & Economy

    Ojulari takes over as new NNPC chief

    Ojulari takes over as new NNPC chief
    Biz & Economy

    Nigerian govt, LNG Arete sign $27 million agreement to develop mini LNG plant

    Nigerian govt, LNG Arete sign $27 million agreement to develop mini LNG plant
    Biz & Economy

    NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics
    Biz & Economy

    Meningitis: Nigeria receives over 1 million doses of Men5CV vaccine to combat outbreak 
    Biz & Economy

    Gospel artists Nathaniel Bassey, Mercy Chinwo make YouTube’s most streamed Nigerian Acts globally in Q1 2025 
    Biz & Economy

    NGX Lotus Islamic Index emerges as best-performing index in Q1 2025 with a gain of 8.56% 
    Biz & Economy

    Top performing stocks on the NGX in Q1 2025 
    Biz & Economy

    Minister Hails Dangote Cement Over Youth Development in Host Community
    Biz & Economy

    Fraud Fight Now More Urgent, Expert Insists
    Biz & Economy

    Between Power Bikes And Smartphones