MPC meeting, Nigeria’s public debt... 7 business stories to track this week

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Nigeria's independent online newspaper

a 10.73 percent or N9.43 trillion increase compared to N87.91 trillion recorded in the third quarter last year.

The DMO said the total domestic debt stood at N59.12trn , while the external debt stood at N38.22 trillion .The agency said the increase was primarily due to new domestic borrowing by the federal government to partly fund the deficit in the 2024 budget as well as disbursements by multilateral and bilateral lenders.suspendedThe development was announced in a statement by Abdullahi Maiwada, the national public relations officer of the Nigeria Customs Service , on Friday.

It also seeks to amend applicant eligibility requirements, loan purpose, funding sources, and disbursement, and repayment procedures.of beef, rice, beans, onion, white garri, yam, and bread, increased in February.According to the report, the average price of 1kg local rice stood at N1,222.97 last month, signifying a 134.81 percent rise in price on a year-on-year basis — from N520.84 recorded in February 2023.

 

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