Halt Nigeria’s rising debt profile
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.
Again, August 2018 FG bond auction over-subscribed, says DMO
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...
Reality dawns as debts wobble under sustainability test
Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them.
DMO restores debts’ report timeline, affirms management strategy, others
The Debt Management Office (DMO) has re-established a predictable timeline in the release of its report on the nation’s debt profile, a routine that has now become consistent for the better part of the last three years.
Nigeria shines at EMEA awards in London, wins in three categories
Nigeria has won awards in three categories for its securities issuance activities in the domestic and international capital markets.A statement yesterday by the Director-General of Debt Management Office, Patience Oniha, said the awards were Best Sovereign Bond in Africa...
Reps summon DMO over alleged breaches in $300m diaspora bond
The House of Representatives yesterday summoned the Director General of the Debt Management Office (DMO), Ms. Patience Oniha, over alleged abuses in the subscription of the $300 million Diaspora bond.
Nigeria eyes $2.5BN Eurobond sale in Q1 to refinance local debt
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters on Thursday.
DMO Director-General says federal government will reduce borrowing cost
The federal government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said. Ms. Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos. Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars Euro Bond…
NSE admits FGN $300 million Diaspora Bond, $3 billion Eurobonds
The Nigerian Stock Exchange’s daily official list swelled yesterday with the listing of the FGN 30 year $1.5 billion Euro Bond, FGN 10-year $1.5 billion Euro Bond and FGN 5-Year $300 million Diaspora Bond on its platform.