Debt Management Office
Nigeria’s debt profile hits N31 trillion
Nigeria’s total debt profile rose to N31. 009 trillion ($85.897 billion) as of June 30, 2020, says the Debt Management Office (DMO) on Wednesday. According to the statement, the figure comprises debt stock of the Federal government, 36 states of the federation and the Federal capital Territory. “The corresponding figures for March 31, 2020 were…
DMO releases details, puts Chinese loans at $3.1b
The Debt Management Office (DMO), yesterday, put Nigeria’s loan liability to China at $3.121billion as at March 31 2020, representing 3.94 per cent of the nation’s $79.3 billion debt portfolio.
FG converts N850 bn external borrowing to domestic – DMO
The Debt Management Office (DMO) says the Federal Government has reappraised its Borrowing Plans and decided to raise the N850 billion earlier approved as External Borrowing from Domestic Sources.
Viable alternatives to the jumbo loan
We have argued in the second part of our comment why it is a bad piece of news to take another jumbo loan to grow our economy and meet other national challenges.
Nigeria’s public debt grows to N26.215trillion
From the N12.118trillion level of indebtedness at takeover by June 2015, the current administration of President Muhammadu Buhari has grown Nigeria’s public debt to a new height...
Nigeria public debt stands at N26.2 trillion, says DMO
The Debt Management Office (DMO) says the total public debt as of September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha...
NSE recorded N29.07 billion total assets in 2018
The Nigerian Stock Exchange (NSE) has increased its total assets to N29.07 billion in its 2018, against N26.69 billion recorded in the corresponding period in 2017.
DMO raises N147b to fund 2019 budget
The Debt Management Office (DMO) yesterday raised N146.60 billion to fund the 2019 federal budget. Its Director-General, Patience Oniha, said the money was raked from the monthly auction of FGN Bonds it conducted for three Instruments with tenors of five-year