September 30, 2025
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Tinubu seeks $347m extra loan for coastal highway

Promise Eze 0
President Bola Tinubu has requested approval from the house of representatives for an additional $347 million loan to fund the Lagos-Calabar Coastal Highway project. The loan request, part of Nigeria’s revised 2025–2026 borrowing plan, was contained in a letter read by Speaker Abbas Tajudeen during Wednesday’s plenary session. According to Tinubu, the cost of the […]
DMO
Economy

DMO dismisses N611bn debt report, confirms March bond service at N67.99bn

DailyTimesNGR DailyTimesNGR 0
BY MOTOLANI OSENI The Debt Management Office (DMO) has refuted reports claiming that the Federal Government spent N611.71 billion servicing a domestic US Dollar-denominated bond in March 2025, clarifying that the actual figure was N67.99 billion. In a statement released on Thursday, the DMO described the widely circulated figure as “completely inaccurate,” stressing that
DMO
Business

Alarm over national debt unnecessary – DMO

Ihesiulo Grace 0
By Godwin Anyebe The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment of the media that the next government would inherit N77 trillion debts. […]
DMO
News

Alarm over national debt unnecessary – DMO

Ihesiulo Grace 0
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment of the media that the next government would inherit N77 trillion debts. Oniha stated that […]
DMO
Business

Nigeria’s public debt hits N41.6trn in Q1 2022-DMO

Ihesiulo Grace 0
Nigeria’s total debt stock rose to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December 2021, figures from the Debt Management Office (DMO) has revealed. This covers the total domestic and external debt of the federal and state governments, and the Federal Capital Territory, DailyTimes gathered. The figure represents an […]
Business

IDA : Nigeria’s Debt Hits $11.7bn – DMO

Ihesiulo Grace 0
The debt stock of Nigeria’s International Development Association (IDA) is USD11.7 billion, according to the Debt Management Office (DMO). “IDA loans are one of the most advantageous borrowing choices for nations like Nigeria, and they are also aligned with the Federal Government’s Medium Term Debt Management Strategy,” the DMO said in a statement yesterday. In
Sukuk
News

Nigeria’s total public debt reaches N33.107trn – DMO

Ihesiulo Grace 0
 The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021. A statement obtained from DMO’s website says that the total public Debt Stock comprised of the debt stock of the Federal Government of Nigeria (FGN), 36 State Governments and the Federal Capital Territory […]
DMO
News

Islamic bond: DMO seeks advisers, list requirements

Ihesiulo Grace 0
Nigeria’s Debt Management Office (DMO) announced on Monday that it is seeking financial and legal advisors, trustees, and issuing firms to help it organize its Sukuk bond in the domestic debt market for 2021. Sukuk bonds are Islamic bonds used to build alternative funding sources for Nigeria’s infrastructure deficit. “On behalf of the FGN, we […]