Economy
Nigeria’s public debt hit N152.39tr in June 2025 – DMO
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Nigeria’s total public debt stock has climbed to N152.39 trillion as of June 30, 2025, according to the latest figures released by the Debt Management Office (DMO).
The new figure marks an increase of N3.01 trillion or 2.01 per cent from the N149.39 trillion recorded at the end of March 2025. In dollar terms, the debt profile rose from $97.24 billion to $99.66 billion, representing a 2.49 per cent increase within the three-month period.
Nigeria’s external debt stock increased to $46.98 billion (N71.85 trillion) in June 2025, compared to $45.98 billion (N70.63 trillion) in March.
According to the report, the World Bank remains Nigeria’s largest external creditor, with $18.04 billion in outstanding loans — mostly from the International Development Association (IDA). This accounts for about 38 per cent of the country’s total external obligations.
Overall, multilateral lenders accounted for $23.19 billion, representing 49.4 per cent of the external portfolio. Other multilateral partners include the African Development Bank (AfDB), International Monetary Fund (IMF), and the Islamic Development Bank (IsDB).
Bilateral loans totalled $6.20 billion, led by the Export-Import Bank of China (Exim Bank) with $4.91 billion, while smaller exposures were owed to France, Japan, India, and Germany.
Commercial borrowings, mostly through Eurobonds, amounted to $17.32 billion, accounting for 36.9 per cent of Nigeria’s total external debt. The country also owed $268.9 million under syndicated facilities and commercial bank loans.
On the domestic front, total debt rose to N80.55 trillion in June, up from N78.76 trillion in March — an increase of N1.79 trillion or 2.27 per cent.
The report stated that N680,424,712,094.99 of FGN bonds issued to restructure States’ commercial debts is excluded from that amount. Also included under FGN Bonds was a securitized component of Ways and Means financing amounting to N22,719,000,000,000.00. A portion of FGN Bonds issued in foreign currency (converted to naira) accounted for N1,402,905,358,752.50; this figure corresponds to a domestic US Dollar bond of USD 917.405 million, which the DMO notes was converted using a rate of N1,529.2105 per dollar.
Treasury Bills were the second largest instrument, amounting to N12,764,078,815,000.00, which is 16.67 percent of the domestic debt stock.
Other instruments recorded in the DMO report include FGN Sukuk (N1,292,557,000,000.00, or 1.69 percent), FGN Savings Bonds (N91,533,172,000.00, or 0.12 percent), and FGN Green Bond (N62,355,000,000.00, or 0.08 percent).
Promissory Notes (Pnotes), which are non-interest bearing, were reported at N1,731,358,298,643.85, forming 2.26 percent of total domestic debt. Of this amount, the naira-denominated portion was N431,216,797,437.00, while the foreign currency denominated portion (converted to naira) was N1,300,141,501,206.86. The foreign currency portion is composed of USD and GBP elements, converted at the rates of N1,529.2105 per dollar and N2,093.9479 per pound.
Specifically, the DMO noted that the FGN Naira Bonds figures include part of the N7.3 trillion Ways and Means restructured in the first half (H1) of 2025, and that the FGN US Dollar Bond of USD 917,405,000 issued on September 6, 2024 and outstanding as at June 2025 was converted to naira using the Central Bank of Nigeria official exchange rate of 1 USD = N1,529.2105 as at June 30, 2025.
The DMO stated that Promissory Notes which are non-interest bearing instruments and that the foreign-denominated Promissory Notes outstanding (USD 850,069,492 and £98,526 as at June 2025) were converted to naira using the CBN official exchange rates of 1 USD = N1,529.2105 and 1 GBP = N2,093.9479 as at June 30, 2025.
According to the DMO, the Federal Government accounted for N141.08 trillion, representing 92.6 per cent of the total public debt stock. This figure includes N64.49 trillion in external obligations and N76.59 trillion in domestic liabilities.
Subnational governments — comprising the 36 states and the Federal Capital Territory (FCT) — owed a combined N11.32 trillion, or 7.4 per cent of the total debt. Of this amount, $4.81 billion (N7.36 trillion) was external, while N3.96 trillion was domestic.
See Exchange Rate As Naira Gains 0.07%
The Black Market Dollar-to-Naira Exchange Rate for 24th June 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 24th June 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1395 and buy at ₦1385 on Wednesday, 24th June, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1395
Buying Rate ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1375
Lowest Rate ₦1365
The Nigerian naira traded at relatively stable levels against the United States dollar on Tuesday, June 23, 2026, across both the official and parallel foreign exchange markets, as market participants continued to monitor liquidity conditions and foreign exchange demand.
Latest data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira exchanged at approximately ₦1,366.41 per dollar at the official market. The NFEM rate, which is published by the Central Bank of Nigeria, represents the volume-weighted average exchange rate for the day.
The official exchange rate has remained within the ₦1,350-₦1,370 range in recent weeks, supported by improved liquidity and sustained foreign portfolio inflows into local assets.
In the parallel market, also known as the black market, the dollar traded at around ₦1,400 for buying and between ₦1,410 and ₦1,420 for selling, depending on location and dealer quotations.
The spread between the official and parallel market rates remained relatively narrow compared with previous years, reflecting ongoing reforms aimed at improving transparency and efficiency in Nigeria’s foreign exchange market.
Currency traders said demand for dollars from importers, travellers and businesses remained steady, although the naira has benefited from increased confidence in the foreign exchange market and improved dollar supply.
Analysts noted that exchange rates could continue to fluctuate in response to changes in foreign exchange inflows, global oil prices and domestic economic conditions.
As of the prevailing rates, $100 would exchange for about ₦136,641 at the official NFEM window, while the same amount could fetch between ₦141,000 and ₦142,000 in the parallel market.
Foreign exchange rates remain subject to intraday movements and may vary across banks, bureaux de change operators and other market participants.
A total sum of N2.300 trillion, being the May 2026 Federation Account Revenue, has been shared between the federal government, states, and the local government councils.
In a statement on Wednesday by the spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, the revenue was shared at the June 2026 Federation Account Allocation Committee FAAC meeting held in Abuja.
The N2.300 trillion total distributable revenue comprised distributable statutory revenue of N1.611 trillion and distributable Value Added Tax (VAT) revenue of N688.785 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that the total gross revenue of N3.395 trillion was available in the month of May 2026. Total deduction for cost of collection was N123.546 billion, while total transfers and refunds were N971.610 billion.
According to the communiqué, gross statutory revenue of N2.651 trillion was received for the month of May 2026. This was higher than the sum of N2.378 trillion received in the preceding month by N273.623 billion.
Gross revenue of N743.668 billion was available from the Value Added Tax (VAT) in May 2026. This was lower than the N806.617 billion available in the month of April 2026 by N62.949 billion.
The communiqué stated that from the N2.300 trillion total distributable revenue, the federal government received a total sum of N818.680 billion, and the state governments received a total sum of N759.141 billion.
The local government council received N534.277 billion, while the sum of N188.132 billion (13% of mineral revenue) was shared with the benefiting state as derivation revenue.
On the N1.611 trillion distributable statutory revenue, the communiqué stated that the federal government received N749.801 billion and the state governments received N380.309 billion.
The local government councils received N293.202 billion, and the sum of N188.132 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.
From the N688.785 billion distributable Value Added Tax (VAT) revenue, the federal government received N68.879 billion, the state governments received N378.832 billion, and the local government councils received N241.075 billion.
In May 2026, Companies Income Tax (CIT), CGT, SDT, Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), and Oil and Gas Royalty increased significantly, while Import Duty, Value Added Tax (VAT), Excise Duty, and CET Levies decreased considerably.
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