🇳🇬
Nigeria
NGA · NGN · 223.8M pop. · Rank #84
…Watchlist
Rating
BB
Health Score™
52.4
Data source:
GDP
$0.50T
GDP Growth
+4.2%
Inflation
10.0%
Debt / GDP
30.1%
Fiscal Bal.
-1.9%
Reserves
—
Debt / GDP · history
27-year trend
▼ 0.1 (90d)
Debt Sustain.47
Fiscal Discipline49
Transparency35.2
Reserves35
ESG Readiness50
Governance37.2
Revenue Stab.45
Inst. Strength35
Risk profile · 6-axis
AI Executive Summary
- Debt-to-GDP 30.1% — comfortable.
- Fiscal balance -1.9%.
- Inflation 10.0% · Governance 37.2/100.
Debt instruments & programs
1 active records
| Type | Instrument | Amount | Coupon | Maturity | Status |
|---|---|---|---|---|---|
| eurobond | Nigeria 2033 USD Eurobond | $1.3B | 9.63% | 2033-12-02 | active |
Treasury & Market Data · Live
NGA sovereign rates & fiscal series
No live treasury series ingested yet for NGA.
Scheduled jobs populate USA (US Treasury, FRED), Eurozone (ECB) and UK (BoE) daily.
Live News & Official Statements
NGA treasury & central bank feeds
- CBNJun 4, 2026, 8:02 AMNigeria taps Eurobond market with $2.2bn dual-tranche deal
Order book exceeds $9bn; pricing tightens 25bps from initial guidance.
Debt Sustainability Analysis
Debt Sustainability Analysis
DSA · TreasuryMarketCap™ model
Gross debt / GDP
39.3%
Net debt / GDP
39.1%
Primary balance
0.9%
Implicit rate
6.80%
Nominal growth
38.7%
Debt-stabilising PB
-9.03%
consolidation needed
Projected 1Y debt
29.4%
Projected 5Y debt
7.8%
- r−g = -31.9 pp — favourable debt dynamics; nominal growth outpaces borrowing costs.
- Primary balance gap of 9.9 pp signals fiscal consolidation is needed to stabilise debt.
- Gross debt at 39% of GDP — low. Significant fiscal space available.
Redemption Profile · Maturity Wall
Upcoming debt maturities (USD bn)
2033
$1.3bn
Document Intelligence
No document intelligence available yet for Nigeria.
AI Treasury Analyst
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Regional peers · Africa
Open comparison →| Country | Health | Gov | Debt/GDP | Growth | Risk |
|---|---|---|---|---|---|
| 🇳🇬Nigeria | 52.4 | 37.2 | 30.1% | +4.2% | Watchlist |
| 🇱🇸Lesotho | 75.8 | 50.8 | 3.0% | +5.2% | Strong |
| 🇹🇿Tanzania | 66.4 | 48.2 | 40.1% | +5.5% | Stable |
| 🇩🇯Djibouti | 65.8 | 40.8 | 48.0% | +7.0% | Stable |
| 🇧🇯Benin | 64.6 | 50.5 | 39.4% | +7.5% | Stable |
| 🇨🇮Ivory Coast | 64.5 | 48.1 | 32.6% | +6.0% | Stable |