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...

As stakeholders celebrate the emergence of Nigeria’s first indigenous securities exchanges association, the group has been urged to focus on mobilising private sector support for economic growth.

The domestic borrowing plan of the Federal Government in a bid to fund the budget deficit has commenced in earnest, as its debt manager raised N66.9 billion through the FGN Bond Auction yesterday. The Debt Management Office (DMO), which disclosed the development, affirmed that it was part of the capital hunt for the 2018 Budget.…

The 2018 Federal Government budget has just been signed into law on 20th June 2018 amidst controversies between the Presidency and the National Assembly on issues such as the budget...

The Debt Management Office (DMO), has released the FGN Bond Issuance Calendar for Q1, 2018.