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Nairaland Forum / Nairaland / General / Politics / Nigeria’s External Debt Declines By 2% (4488 Views)
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Nigeria’s External Debt Declines By 2% by kahal29: 7:35am On Jan 02, 2019 |
Nigeria’s external debt declined marginally by 2.02 percent to $21.6 billion in the third quarter of 2018, Q3’18, from $22.1 billion recorded in the second quarter 2018, Q2’18, almost cancelling out the 1.2 percent rise in domestic debt recorded during the quarter, Q3’18. Consequently, the nation’s total debt stock which stood at $73.2 billion, or N22.4 trillion, recorded almost no change as at end September. The decrease in the external component was ascribed to the redemption of a $500 million Eurobond which matured on July 12, 2018. The Debt Management Office (DMO) disclosed this recently in a statement released on its website. The DMO stated that the domestic debt of the federal government, states and the Federal Capital Territory (FCT) grew by 1.2 percent or N185 billion to N15.8 trillion in September 2018 from N15.6 trillion in June 2018. The increase, it noted, was due to the FGN N135 billion, and states and FCT N50 billion. For More, visit https://www.vanguardngr.com/2019/01/nigerias-foreign-debt-declines-by-2/ 8 Likes 2 Shares |
Re: Nigeria’s External Debt Declines By 2% by mrtegation99(m): 7:40am On Jan 02, 2019 |
My first ever FTC and its on a front page on the 2nd day of 2019. This year will favour all of us. This 2019, Nairalanders, WE GO BUY BENZ, WE GO BUILD HOUSE AND WE GO TRAVEL LEAVE NIGERIA MAKE Atiku AND BULLHARI DEY FIGHT. ![]() ![]() ![]() NO MORE NONSENSE THIS YEAR Like to leave Nigeria, Share to Still leave Nigeria ![]() 10 Likes 5 Shares |
Re: Nigeria’s External Debt Declines By 2% by kahal29: 7:40am On Jan 02, 2019 |
Pix 2 Likes 1 Share
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Re: Nigeria’s External Debt Declines By 2% by MANNABBQGRILLS: 7:40am On Jan 02, 2019 |
We believe in you President MUHAMMADU BUHARI. Keep taking us on the right track to the NEXT LEVEL. Gradually we will get to our land flowing with milk and honey. God bless our President. God bless Nigeria. 45 Likes 8 Shares |
Re: Nigeria’s External Debt Declines By 2% by Ogaga87(m): 7:41am On Jan 02, 2019 |
Who is deceiving who From now till February, only SCAM alert we go dey get but I have made up my mind to change the CHANGE 9 Likes 4 Shares
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Re: Nigeria’s External Debt Declines By 2% by crownwealth: 7:42am On Jan 02, 2019 |
Government of debt! Professional looters & career rogues. 5 Likes 2 Shares |
Re: Nigeria’s External Debt Declines By 2% by eventsmallchops: 7:42am On Jan 02, 2019 |
oh lord, deliver our nation, give us peace and freedom. 1 Like |
Re: Nigeria’s External Debt Declines By 2% by Seetto: 7:42am On Jan 02, 2019 |
Good news, bad news for children of the hate, what they want to hear is that boko haram has taken over borno state, God pass una, what we are praying for is greater Nigeria. 8 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by teelaw4life(m): 7:42am On Jan 02, 2019 |
post=74369451: Number 1 fanatic and Buhari sycophant. 8 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by shachris02: 7:43am On Jan 02, 2019 |
misleading report. Total debt stock reduced 0% 4 Likes 2 Shares |
Re: Nigeria’s External Debt Declines By 2% by omoadeleye(m): 7:43am On Jan 02, 2019 |
no be new thing, we no dey click any link |
Re: Nigeria’s External Debt Declines By 2% by crownwealth: 7:43am On Jan 02, 2019 |
Any vote for Mohomodu Buhari is a vote for hunger and suicide! 5 Likes 3 Shares |
Re: Nigeria’s External Debt Declines By 2% by Tunasco4u(m): 7:44am On Jan 02, 2019 |
Any vote asides Alh Muhammad Buhari is just a waste of vote please and please maso bo nu 1 Like |
Re: Nigeria’s External Debt Declines By 2% by MANNABBQGRILLS: 7:44am On Jan 02, 2019 |
23 Likes 4 Shares
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Re: Nigeria’s External Debt Declines By 2% by ashacot: 7:44am On Jan 02, 2019 |
SAI BABA 3 Likes 2 Shares |
Re: Nigeria’s External Debt Declines By 2% by iammo(m): 7:44am On Jan 02, 2019 |
Good , this time 2015 our foreign reserve was been badly depleted, while foreign and local debt was increasing astronomical, even $2bn bokoharam arms deal wasn't spared Just for an election they still lost. Fast forward to 2019, foreign reserves almost double of what it was in 2015, debt slowly declining, fuel scarcity less Yuletide season, almost 18hrs daily electricity, international airports wearing a new look 4 Likes |
Re: Nigeria’s External Debt Declines By 2% by Seetto: 7:44am On Jan 02, 2019 |
Good news, bad news for children of the hate, what they want to hear is that boko haram has taken over borno state, God pass una, what we are praying for is greater Nigeria.[center][/center] 2 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by cocobuter: 7:45am On Jan 02, 2019 |
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Re: Nigeria’s External Debt Declines By 2% by CilicMarin: 7:46am On Jan 02, 2019 |
Only a corrupt person will hate Buhari.. 6 Likes 2 Shares |
Re: Nigeria’s External Debt Declines By 2% by ignant: 7:46am On Jan 02, 2019 |
According to the article, Domestic debt rose by 1.2%. This means rather than external borrowing, they resorted to borrowing from the system. Make what you will of that as the article concludes that there was almost no change in the debt stock at the end of September. 1 Like 1 Share |
Re: Nigeria’s External Debt Declines By 2% by Jonadull: 7:46am On Jan 02, 2019 |
Ogaga87:Enemy of progress 7 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by boxypane(m): 7:47am On Jan 02, 2019 |
PDP and Obichina must read this. 7 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by Omeokachie: 7:48am On Jan 02, 2019 |
Thank God for the heat and pressure Nigerians mounted on this government, they were on a mission of selling off this country to the highest bidder. Another 4yrs under these locusts and Nigeria will be completely destroyed. |
Re: Nigeria’s External Debt Declines By 2% by Hoaxey(m): 7:49am On Jan 02, 2019 |
Good day My name is dammy a student of Unilorin Av been stuck in school since Xmas My parents are no more, we start our test on the 7th I have zero resources at my disposal to help me during the test I wouldn't be here if i had any other Option I really need your help. I am not lying If you want proof of my predicament I can show you proof. 0072808222 Diamond Bank Olaosebikan Ayodamola Segun. Am in a such a tight corner right now anything would be highly appreciated |
Re: Nigeria’s External Debt Declines By 2% by sotall(m): 7:49am On Jan 02, 2019 |
Declines by 2% ..... How much has Buhari borrowed in his 3.5 years of misgovernment?? |
Re: Nigeria’s External Debt Declines By 2% by dalongjnr: 7:50am On Jan 02, 2019 |
wow,Nigeria is moving in the right direction. I was doubting the "next level" movement, but with the transformation in railway, airway(airports), roads, and some improvement in economy, I will subscribe if,the next level is centered on more infrastructure, education, health, ICT, tourism, & electricity. 2 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by ORIENTATION101: 7:50am On Jan 02, 2019 |
Good news everywhere Wawa dan wahalas will still find a reason to wail ![]() 2 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by Mankos(m): 7:54am On Jan 02, 2019 |
Buhari Continue taking Nigeria to great level. children of hate will not believe this but if it were opposite they will swear to their God to come to their rescue Atikulooters 3 Likes 1 Share
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Re: Nigeria’s External Debt Declines By 2% by Biodun1929(m): 7:55am On Jan 02, 2019 |
Good one. 2 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by allthingsgood: 7:56am On Jan 02, 2019 |
.......as wailers frustration increases 20000% ![]() ![]() ![]() 5 Likes 1 Share |
Re: Nigeria’s External Debt Declines By 2% by helinues: 7:58am On Jan 02, 2019 |
External reserves increases while External debt decreases Is there anyone still supporting PDP? 7 Likes 2 Shares |
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