Nigeria’s public debt stock rose further to N166.8 trillion in the second quarter of 2026, driven largely by increased domestic borrowing as the Federal Government continued to finance its sizeable fiscal deficit, latest data from the Debt Management Office (DMO) has shown. The debt stock, which covers obli­gations of the Federal Government, states and the Federal Capital Territory, increased by 5 per cent quarter-on-quar­ter and nine per cent year-on-year, un­derscoring the continued pressure on government finances despite improve­ments in foreign exchange stability and revenue prospects.........................................READ MORE