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.
Group urges Chinese bank, DMO, National Assembly to stop Ganduje’s N299b loan request
Kwankwasiyya Movement has asked the Chinese Development Bank (CDB) to reject the purported €684 million (N299 billion) loan request by Kano State Governor Abdullahi Ganduje...
Third Sukuk’s debt proceeds to finance 44 projects, says DMO
The Debt Management Office (DMO) has announced its third Sukuk debt instrument concluded at the weekend, which yielded N162.6b, would be deployed to finance 44 critical infrastructure
DMO defends government borrowings from pension fund
As opinions vary on whether or not the Federal Government should continue to borrow from over N10trillion pension contributions for infrastructure development, the Debt Management Office (DMO), has defended that there was nothing untoward about the development.
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...
Nigeria to borrow N803b in two months, forecloses Eurobond debt
From now till December 31, 2019, Nigeria will raise its domestic debt profile by N802. 82 billion to support the 2019 budget implementation which would elapse in barely 64 days, the Debt Management Office (DMO) has said.
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