September 23, 2022/Coronation Research According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 3% q/q or N1.2trn to N42.8trn at end-June ’22 from N41.6trn at end-March ‘22. On a y/ y basis, total public debt increased by 20.8%. As at end-June ‘22, public debt is equivalent […]
OPINION/EDITORIAL
Fast Rise of Public Debt Stock as Total Public Debt Increased by 3% QoQ to N42.84trn in Q2 2022
September 23, 2022/FBNQuest The Debt Management Office’s (DMO) latest data on public debt published on Monday showed that Nigeria’s total public debt increased by c.3% q/q to NGN42.8trn (c.USD103bn) as at June 2022. On a y/y basis, the total public debt portfolio has expanded by c.21% y/y from NGN35.5trn as […]
“Japa Syndrome”; The Sad Reality of Nigeria’s Brain Drain
September 23, 2022/CSL Research A recent Bloomberg report highlighted the devastating effects of the new wave of migration on the economy, especially the financial services sector. According to the report, Banks, already suffering from rising funding costs, higher operating expenses, and threats of a spike in non-performing loans, are being […]
