April 23, 2024/FBNQuest Research The most recent update from the Debt Management Office (DMO) on Nigeria’s public debt shows that the FGN’s total external debt obligations increased by US$900.6m (+2% q/q) to US$42.5bn in Q4 ’23. Compared to the previous quarter, the smaller rise in the external debt stock in […]

April 22, 2024/FBNQuest Research As of Q4 2023, Nigeria’s domestic debt stock rose by 6% q/q to NGN59.1trn, according to the Debt Management Office (DMO). On a y/y basis, total domestic debt more than doubled. The sharp y/y rise in the FGN’s debt profile can be attributed to the inclusion […]

April 22, 2024/CSL Research According to recently released industry data from the Nigerian Communications Commission (NCC), the country’s active mobile subscriptions increased slightly by 0.72% to 219.97 million in February 2024 from 218.40 million in January 2024, driven primarily by significant subscriber gains reported by MTN and Airtel, the country’s […]