Nigeria’s debt profile rose by N12.27tn between June 2015 and December 31, 2018, investigation has shown. Data obtained from the Debt Management Office on Wednesday showed that the country’s debt profile grew from N12.12tn as of June 30, 2015, to N24.39tn as of December 31, 2018. This means that within a period of three and […]Read More
The Federal Government is offering fresh N100bn bonds for subscription through an auction scheduled for next week. The Debt Management Office, in a circular on Tuesday, said it was authorised by the Federal Government to receive applications for the N100bn bonds. According to the DMO, the bonds consist of a N35bn five-year bond, which was […]Read More
Nigeria’s Debt Management Office (DMO) has released the Public Debt Data for the year-ended 2018. The report which includes data on the composition of Public Debt Data, also provided a breakdown of the debt between the federal and the state governments (including the Federal Capital Territory). The report revealed that the nation’s total Public Debt […]Read More
Nigeria’s total debt now stands at N22.43tn, data obtained from the Debt Management Office have shown. According to the DMO, the nation’s total debt as of September 30, 2018, stood at N22.43tn. As of June 30, 2015, the country’s total debt stood at N12.12tn. This means that within the tenure of the present administration which […]Read More
The Federal Government has begun the sale of its second tranche 7-year N100 billion sovereign sukuk, the Debt Management Office (DMO), said on Thursday. The offer circular, which was obtained from its website, said the seven year Islamic sukuk, referred to as Ijarah is at a rental rate of 15.74 per cent and would be […]Read More
The Federal Government says it has reached an agreement with petroleum marketers on the settlement of their outstanding claims. Consequently, it gave the assurance that operations at all depots and sales will continue until further notice. According to a statement by Mr Paul Ella Abechi, the Special Adviser to the Minister of Finance on Media […]Read More
The Director-General, Debt Management Office, Patience Oniha, says the investment so far recorded in the Federal Government Savings bonds is below expectation. Oniha, revealed this while speaking during a panel session on Pathways to inclusive growth in Africa: Digital finance, financial literacy, inclusion and the democratization of wealth at the 2018 African Securities Exchanges Association […]Read More
The Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget, the Debt Management Office has said. DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the foreign debt markets. […]Read More
The Debt Management Office (DMO) has started the fast track of settlement of arrears through promissory notes to oil marketers. The DMO said in Abuja at a meeting with the Senate Committee on Downstream Petroleum Sector to discuss the issue of the outstanding payments to oil marketers. According to the statement, the implementation is in […]Read More
© 2020, LTV. All rights reserved