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COVID-19 made borrowing imperative for Nigeria – DMO

Francis Ajuonuma with agency reports The outbreak of COVID-19 pandemic in 2019 which has brought about economic hardship across the…

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Nigeria’s public debt set to peak at N45tn in 2022

The total debt stock of Nigeria is likely to reach N45 trillion as the Debt Management Office (DMO) plans to…

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Nigeria emerges first in Africa to access ICM, raises $1.25bn Eurobonds

Nigeria has officially raised 1.25 Billion dollars through the issuance of a seven-year Eurobonds in the International Capital Market (ICM).…

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Nigeria’s public debt now N39trn, says DMO

The Debt Management Office (DMO), says Nigeria’s public debt as at December, 2021 is N39.55 trillion. Patience Oniha, the Director-General…

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FGN bonds can be sold for cash – DMO

The Debt Management Office (DMO) says Federal Government of Nigeria’s (FGN) savings bonds are acceptable as collateral for loans in…

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FCTA to borrow N200bn to finance roads, water projects

By Ben Adoga, Abuja The Federal Capital Territory Administration (FCTA) has said that it would borrow not less than N200…

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DMO returns oversubscribed 2021 sovereign Sukuk to investors

The Director-General of the Debt Management Office (DMO), Patience Oniha, says the oversubscribed portion of the N250 billion, 2021 Sovereign…

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DMO’s January bond auction receives N300 bn over subscription

The Debt Management Office (DMO) says it just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed.…

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Nigeria’s external debt servicing jumps by 74% to $520.78m in Q3 2021

Nigeria spent a sum of $520.78 million on external debt servicing in the third quarter of 2021, rising by 74.2%…

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3 federal ministries to benefit from 2021 Sukuk funds, says DMO

The Debt Management Office (DMO) says its latest offer of N250 billion sovereign Sukuk, the fourth in the series, would…

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