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Nigeria’s total public debt stock has risen to N166.79 trillion as of June 30, 2026, up from N159.35 trillion recorded as of March 31, 2026, according to the Debt Management Office (DMO).

The latest figures showed that domestic debt accounted for N91.59 trillion, representing 54.91% of the country’s total debt portfolio, while the total debt stood at $120.93 billion in US dollar terms.

The dollar-denominated figure comprises $54.52 billion in external debt and $66.41 billion in domestic debt. The DMO said it converted the external debt stock using the Central Bank of Nigeria’s official exchange rate of N1,379.1842/$ as of June 30, 2026.

The Federal Government remains the dominant borrower, accounting for about N152.77 trillion of the total debt, while states and the Federal Capital Territory accounted for approximately N14.01 trillion.

According to the DMO, the Federal Government’s external debt stood at N65.77 trillion, representing 39.44% of the total public debt, while states and the FCT accounted for N9.42 trillion, or 5.65%.

On the domestic side, the FGN owed N87 trillion, representing 52.16% of the total debt, while states and the FCT accounted for N4.59 trillion, or 2.75%.

FGN bonds remained the largest component of the Federal Government’s domestic debt, with an outstanding value of N64.84 trillion, representing 74.53% of its domestic debt.

The latest figures also showed that Nigerian Treasury Bills stood at N19.48 trillion, while FGN Sukuk amounted to N1.19 trillion and savings bonds stood at N122.45 billion.

The DMO data further showed that Nigeria’s public debt has increased significantly from N87.38 trillion recorded as of June 30, 2023, shortly after President Bola Tinubu assumed office.

External debt rose from $42.49 billion in December 2023 to $51.86 billion by December 2025, while domestic debt increased from N59.1 trillion to N89.4 trillion within the same period.

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The Nigerian naira recorded a marginal movement against the United States dollar at the official foreign exchange market on Thursday, September 24, 2026.

Data from the Central Bank of Nigeria (CBN) showed that the naira closed at ₦1,328.6687 to $1 on Thursday, compared with ₦1,328.4974/$1 recorded on Wednesday.

The latest figure represents a marginal depreciation of about ₦0.17, or roughly 0.01 per cent, against the dollar at the official market.

At the parallel market, commonly referred to as the black market, the naira closed at approximately ₦1,385 to $1 on Thursday.

This means the parallel-market rate was about ₦56.33 higher than the official CBN reference rate.

However, exchange rates offered by commercial banks, Bureau de Change (BDC) operators and other foreign exchange dealers may vary from the reference rates due to transaction margins, market conditions and prevailing demand and supply.

Market participants are expected to continue monitoring foreign exchange inflows, dollar demand and monetary policy developments for indications of the naira’s direction in the coming days.

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The Nigerian naira is trading at different rates against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Wednesday, September 23, 2026.

The latest available data show that the naira strengthened to N1,327.78 per dollar at the NFEM on Tuesday, from N1,329.80 recorded on Monday.

The latest movement represents a N2.02 appreciation by the naira against the dollar on a day-to-day basis.

In the parallel market, the dollar was quoted at about N1,389 on Tuesday, down from N1,390 recorded the previous day.

The parallel-market rate puts the gap between the official NFEM rate and the street-market selling rate at about N61.22 per dollar.

At the parallel market rate of N1,389, customers buying $100 would need approximately N138,900, while $1,000 would cost about N1.389 million.

The exchange rate available to individuals and businesses may vary depending on the dealer, location, transaction size and prevailing market conditions.

The naira’s recent performance has come amid developments in Nigeria’s foreign exchange market, including changes in dollar liquidity and monetary policy.

The Central Bank of Nigeria has continued to monitor conditions in the foreign exchange market as the naira trades around the N1,300-per-dollar level at the official market. Reuters also reported in September that the naira had remained relatively stable, supported by central bank dollar sales and subdued import demand.

For Wednesday, September 23, the latest confirmed figures put the dollar at N1,327.78 at the NFEM and around N1,389 in the parallel market.

The rates could change during the day as demand and supply conditions shift across both markets.