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
SERAP seeks audit of Buhari’s loans, review of ex-governors’ pensions
Lagos-based rights group, the Socio-Economic Rights and Accountability Project (SERAP), has urged President Muhammadu Buhari to provide spending details of the loans obtained...
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 to borrow N1.59 trillion to fund 2020 budget
Nigeria's Debt Management Office (DMO) has said the country will borrow N1.549 trillion from domestic and international markets to fund its 2020 budget. Director-General of the office, Patience Oniha, on Friday told journalists that N805 billion will be borrowed externally, while N744 billion will be borrowed from the domestic market. Oniha said N150 billion of…
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.
Amidst concerns DMO puts Nigeria’s public debt at N25trn
Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over Nigeria’s ability...
Nigeria’s capital inflow hit $8.485b in Q1 2019, says NBS
The National Bureau of Statistics (NBS) yesterday declared that Foreign Direct Investments (FDIs) inflows to Nigeria in the first quarter of this year stood at $8.485 billion.
FG generates over N2tr in Q1, records N392 billion deficit
The Federal Government recorded a gross income of N2.31 trillion in the first quarter of 2019, but this was lower than the proportionate...
Onadele, Oniha, Absa Group for FMDA Lagos seminar
The Managing Director/CEO, FMDQ OTC Securities Exchange, Bola Onadele, Director-General, Debt Management Office, Patience Oniha, and Head of Counterparty...
NSE admits N1b FGN savings bond, experts decry low patronage
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…