Business Economy

BREAKING: Nigeria’s debt hits ₦31trn, increases by ₦2.3trn – DMO

Ihesiulo Grace 9 September 2020 0

DMO debt – The Debt Management Office on Wednesday has released Nigeria’s total public debt stock as of June 30, 2020, DMO reports that the country’s entire debt  rounded off at ₦31trn, which indicates an increase of ₦2.38trn within a space of three months. READ ALSO: World Bank

Featured Headlines News

N162.5bn proceeds of 3rd Sukuk to finance 44 critical road projects — DMO

Ihesiulo Grace 13 June 2020 0

The Debt Management Office (DMO) says the N162.55 billion it allotted to investors in the third sovereign Sukuk will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. It said this in a statement on Friday in Abuja while announcing the result of the Sukuk for which it offered […]

Business Featured Headlines

Nigeria’s debt profile hits N33trn as DMO raises alarm

Ihesiulo Grace 17 March 2020 0

With the approval of a fresh $22.7 billion foreign loan requested by President Muhammadu Buhari, Nigeria’s debt profile has reached a high of N33 trillion. The Senate on Monday declared this just as the Director – General of the Debt Management Office (DMO), Ms. Patience Oniha, expressed fear that economic effects of the Coronavirus pandemic […]

Business

DMO clears air on proposed $3.3bn external capital raising

Ihesiulo Grace 17 February 2020 0

The Debt Management Office over the weekend provided clarification on the proposed $3.3 billion external capital raising planned for the year 2020 by the federal government. In a statement posted on the website of the debt office, the DMO explained that the planned capital raising will be integrated to fund the budget deficit of N2.175trn in the […]

Business

NSE deepens debt market to N12. 5trn

Ihesiulo Grace 7 August 2019 0

Motolani Oseni The Nigerian Stock Exchange (NSE) Chief Executive Officer, Oscar Onyema, on Tuesday, revealed that from a humble beginning as far back as 1961, the Exchange has deepened its debt market to N12.47 trillion. He, also, disclosed that Nigeria’s Debt Management Office (DMO) has raised N13 billion from the Exchange as at July 2019. […]

Economy Headlines

Nigeria’s debt stock hits N20.37tn

Ihesiulo Grace 14 November 2017 0

Nigeria’s total debt stock has hit N20.37tn, the Debt Management Office has said. In a statement made available to Punch correspondent in Abuja on Tuesday, the DMO said the total public debt stock comprising the Federal Government, the 36 states, and the Federal Capital Territory, stood at N20.37tn as of September 30. This shows a […]

Business Headlines

FG, CBN, DMO reject Moody’s downgrade of sovereign rating

Ihesiulo Grace 9 November 2017 0

. Nigeria, one of top 10 most improved economies- World Bank .CBN expands Anchor Borrowers’ Programme .Targets extra 2m tonnes from 300,000 rice farmers The Federal Ministry of Finance (FMF), the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO), have vehemently rejected the downgrade of Nigeria’s rating by Moody from a B1 […]

Business Capital Market

Bonds: 7,000 investors subscribed in five months — DMO

Ihesiulo Grace 21 August 2017 0

The Debt Management Office, DMO, has said that no fewer than 7000 investors have subscribed to the Federal Government’s savings bonds since its introduction in March this year. The Director General, Debt Management Office, Ms. Patience Oniha told the News Agency of Nigeria on Monday, in Abuja, that one of the primary reasons for introducing […]