On monthly stipends of corps members alone, the Federal Government has spent at least N475.2 billion between 2020 and 2023, The Guardian estimates reveal.
Nigerian Exchange Limited (NGX) has announced the listing of the Federal Government’s (FGN) N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64 per cent Ijara Sukuk due 2032 was listed on NGX yesterday.
What could be the centerpiece of President Bola Tinubu’s fiscal regime is gradually taking shape with a committee on tax reform inaugurated.
The Guardians of Democracy and Development Initiative Empowerment for Unemployed Youth Initiative, Public Service Accountability Watch have enjoined President Bola Ahmed Tinubu to adhere to the counsel on the debt management office (DMO) on the handling of the Nigeria's debt profile. Led by Prince Igwe Ude-umanta, the made up of twenty six other Civil Society…
Nigeria’s external debt climbed from $2.1 billion after the country exited from the Paris and London clubs of creditors in 2006 to about $41.8 billion it currently stands.
The Debt Management Office (DMO) says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency.
When President-elect, Senator Bola Tinubu, takes the reins on May 29, 2023, he would buckle under the hefty yoke of over $103.11b (N46.25t) debt left behind by the President Muhammadu Buhari-led administration. Unlike Buhari who inherited a debt of approximately $10.32b in 2015...
The Debt Management Office (DMO) has described as false, a report claiming that Nigeria is defaulting on Chinese loan repayment and risks a penalty amounting to N41.31 billion.
The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023 Appropriation Act.
Nigeria’s fiscal situation is dire. A combination of poor financial management, over-dependence on volatile oil revenues, inconsistent monetary policy, and a disregard for legal frameworks aimed at preserving good financial practices has led to a decline in the country's macro-fiscal indicators. Data from the IMF’s World Economic Outlook show that revenue as a percentage of…
The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction.
The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due in Jan. 11, 2025, at the interest rate of 9.600 per cent per annum. The…