Nigeria’s non-oil export has continued to suffer a huge setback due to various challenges. Top on the list include, logistics challenges in moving products to the ports and the lingering issue of unsettled Export Expansion Grant (EEG) claims. With the unsettled incentives converted to promissory notes, there are concerns among operators about the payment arrangement…

The immediate past Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, will be the Guest Speaker at the 3rd Just Friends Club...

The Nigerian Stock Exchange (NSE) admitted Federal Government (FGN) Savings Bond valued at N1.023 billion on its platform in the first quarter of 2019.   The FGN Savings Bond was designed with attractive returns and low risk investment avenue to low income earners, aimed at deepening the national savings culture and provide opportunity to all…

Nigeria's debt burden has risen to N24.387 trillion as at the end of December 2018, up from the last September 30, 2017 level of N22.428 trillion, indicating an increase of at least 12. 2 per cent.

The nation’s debt stock is again rising after a temporary decline in the second quarter of 2018, settling at N22.43 trillion, with N49.14 billion rise in the third quarter. The amount, which represents 0.22 per cent increase in the obligations’ profile, was recorded after the second quarter statistics showed a decline to N22.37 trillion, from…

The Senate Committee on Petroleum (Downstream) has alleged plot by saboteurs in the oil sector to cause scarcity of petrol and return queues at filling stations at Christmas.

The Debt Management Office has appointed Lotus Financial Services Limited as joint financial adviser to the second tranche of the N100bn Sukuk floated by the Federal Government of Nigeria. According to a statement from the firm, the appointment is coming for the second year running as a result of the firm’s performance and role in…

The Debt Management Office (DMO), has called for more private sector involvement in sovereign sukuk, to boost infrastructure development and support Federal Government’s efforts towards sustainable economy. With the success recorded on the first N100 billion Sukuk bond issued last year, the Federal Government, the DMO has unveiled the second N100 billion sovereign Sukuk, which…

Ms Patience Oniha is the Director-General of the nation’s Debt Management Office (DMO). The debt manager, whose contributions matter in the management of the country’s fiscal...

The Ekiti State Government has said the outgoing administration of Governor Ayodele Fayose did not commit the state to bonds and commercial loans with any bank...

Across the developing world, particularly in sub Saharan Africa, the economies of these countries have been marked by significant vulnerabilities in recent times due to uncertainties in commodity prices and consequent fiscal deficits.

As the high inflation rate in the country has continued on deceleration trajectory as at end of July this year, surpassing government’s expectation of 12.4 per cent for the 2018 fiscal year, the Debt Management Office yesterday in its result for the Federal Government bond auction for August 2018...