The continuous depreciation in Nigeria’s naira has pushed the country’s external debt to N33.25 Trillion from N19.64 trillion. Naija News reports that the naira devaluation has...
The Debt Management Office (DMO) has said Nigeria has redeemed a $500 million Eurobond on its due date on July 12, 2023. In a statement on...
In a publication on Friday (today), the Debt Management Office (DMO) confirmed that Nigeria’s debt profile has now risen to $108.3bn (N49.8trn). The total public debt...
The Debt Management Office (DMO) has issued a warning to the Bola Tinubu-led Federal Government (FG) against additional borrowing. Naija News reports that the DMO gave...
A report has revealed that outgoing governors, including Nyesom Wike (Rivers State), Ifeanyi Okowa (Delta State), Abdullahi Ganduje (Kano State), Udom Emmanuel (Akwa Ibom State), Badaru...
A combination of three major reasons has been given for the continuous growth of the nation’s debt stock. Naija News reports that the Debt Management Office...
Data from the Debt Management Office (DMO), reveals that the nation’s public debt stood at N46. 25 trillion, as at the end of December 2022. This...
The Debt Management Office (DMO) has announced that Nigeria’s public debt reached N44.6 trillion in the third quarter (Q3) of 2022. In a statement released on...
Three Federal Government Bonds which are valued at N225 billion for subscription has been offered by the Nigerian Debt Management Office (DMO). The development was announced...
The Debt Management Office (DMO) has said Domestic Debt has pushed the country’s Total Public Debt Stock from N41.60tn in March 2022 to N42.84tn in June...
The Chinese government has announced its plans to absolve 23 interest-free loans to 17 African countries. Though China has failed to mention the countries in its...
The Federal Government has said that the debt servicing will cost N10.43tn by 2025, with economists saying that the rising cost of debt service can trigger...
The Debt Management Office (DMO) says Nigeria has redeemed a $300m diaspora bond, which matured on June 27, 2022. In a statement published on its website,...
Total money borrowed by the Nigerian government in the last six months (H1’22) according to statistics is now levelled at ₦4.2Trillion. The reported funds Naija News...
The Debt Management Office (DMO) says Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021....
The Debt Management Office (DMO) says the federal government has borrowed a total of N984.28 billion through FGN bonds between January and April 2022. In a...
Financial analysts have described Nigeria’s debt servicing as outrageous and a setback to the country’s economic status among its African counterparts. Findings have revealed that the...
The Director-General, Debt Management Office, Patience Oniha has revealed what threatens debt sustainability in some states in Nigeria. According to Oniha, the difficulty of some state...
By Richard Ogunsile and Chukwuani Victoria When a country borrows hugely either internally or externally, there is an expectation the borrowed funds will impact its economy...
Nigeria’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn. This was contained in data reported by the Debt Management Office. The financial...
