July 4, 2023/Coronation Report After the drought comes plenty, or at least that is how it looks for investors in Nigeria’s listed banks. Some of the many restrictions on commercial banking activity, which were enforced over the past four years, are being eased and the result is a surge in […]
OPINION/EDITORIAL
Soaring Cost of Domestic Debt Service; Increased by 31% YoY to N874bn in Q1 2023
July 4, 2023/FBNQuest The Debt Management Office’s (DMO) latest quarterly release on public debt shows that the FGN’s domestic debt service increased by slightly over NGN205bn, or 31% y/y to NGN874bn as at the end of Q1 ’23. The figure represents the highest debt service payments for as far back […]
FGN’s Domestic Debt in Uncharted Territory
July 3, 2023/FBNQuest According to the most recent data on public debt published by the Debt Management Office (DMO), FGN’s total domestic debt stock increased by 11% q/q and 23% y/y to NGN24.7trn as at Q1 ’23. The FGN’s share of domestic debt represents c.82% of the nation’s total public […]

