Nigeria’s Public Debt Hits N166.79trn in Q2 2026—DMO

Nigeria’s total public debt stock rose to N166.79 trillion as of June 30, 2026, according to the latest data released by the Debt Management Office (DMO), marking an increase of N7.44 trillion from N159.35 trillion recorded at the end of the first quarter.
The figures show domestic debt accounting for N91.59 trillion, or 54.91 per cent of the total portfolio, while external debt made up the remaining balance. In dollar terms, the DMO put the country’s total public debt at 120.93 billion, comprising 54.52 billion in external debt and 66.41 billion in domestic debt. The external debt component was converted using the Central Bank of Nigeria’s official exchange rate of N1,379.1842/ as of J...