December 29, 2023/Coronation Research According to Nigeria’s Debt Management Office (DMO), total public debt increased marginally by 0.6% q/q or N0.5trn to N87.9trn at end-September ’23. On a y/y basis, public debt increased by 99.5%. As at end-September ’23, public debt was equivalent to 44.1% of 2022 nominal GDP. This […]

December 29, 2023/Coronation Research The national accounts for Q3 ‘23 show that air transport grew by 4.37% y/y and accounted for 13.8% of total transport GDP. Over the past eight quarters, the segment grew by an average of 24.6%. This was the slowest growing segment within transportation in Q3 ’23, […]

December 29, 2023/CSL Research Based on news report on Nigeria Railway Corporation (NRC), railway debt servicing cost exceeded revenue significantly in the first half of 2023. While the government spent US$38.59m (N29.98bn at N777/US$) on servicing debt for loans obtained to build the Nigeria Railway Modernisation Project (Idu Kaduna Section) […]