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Debt Management Office

President Muhammadu Buhari is back in the country after his private visit to the United Kingdom.

DMO: President Buhari’s government inherited whooping $63.8 billion debt not paltry $7 billion

The Debt Management Office (DMO) has revealed that the President Muhammadu Buhari-led administration inherited a debt of $63.81 billion when it came into power in 2015.

Ministers seek approval for President Buhari’s $22.7 billion loan request

Ministers on Tuesday made a case for the approval of the $22.718 billion loan request made by President Muhammadu Buhari to the National Assembly.

DMO explains Nigeria’s external borrowings

According to the statement, this request is not a new one as being perceived but rather it represents those borrowings which have been submitted to the National Assembly but are yet to be approved before the expiration of the 8th Assembly.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Ministers: Why Nigeria must borrow $22.7 billion now

The ministers, including that of Finance, Mrs. Zainab Ahmed; Works and Housing, Babatunfe Fashola, and Minister of State for Transport, Gbemisola Saraki, made the submission at a session with the House of Representatives Committee on Aids, Loans and Debt Management, headed by Safana Dayyabu (APC, Kano).
Debt Management Office (DMO)

DMO clarifies Nigeria’s external debt

The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by successive governments over many years.

President Buhari sacks Muiz Banire as AMCON chairman

President Muhammadu Buhari has replaced Muiz Banire as the head of Asset Management Corporation of Nigeria (AMCON).
The Director General of the International Labour Organization, ILO, Mr. Guy Ryder has commended Nigeria for the labour friendly disposition of the President Muhammadu Buhari administration.

CSOs fault President Buhari’s fresh $29.96 billion loan request

Forty-two civil society organisations on Thursday raised concerns over Nigeria’s increasing debt profile, asking that efforts be made to stop the trend.
The Centre for Anti-Corruption and Open Leadership, CACOL, has commended the Muhammadu Buhari’s government’s support for the quick establishment of specialized courts to try corruption and its allied cases for speedy determination of such cases within a stipulated time in order to bring culprits to book and discourage penchant for embezzlement and other forms of grand corruption.

President Buhari seeks approval for foreign loan rejected by eight Senate

President Muhammadu Buhari on Thursday forwarded a request to the Senate to reconsider and approve the federal government’s 2016 to 2018 external borrowing plan.
Debt Management Office (DMO)

Edo not among ‘commercial borrowing states’ – DMO chief

The Director-General of the Debt Management Office (DMO), Mrs Patience Oniha, has lauded Governor Godwin Obaseki of Edo State for his prudent borrowing habit.
Debt Management Office (DMO)

DMO: Federal government bond auction over subscribed in October

The Debt Management Office (DMO), says investors’ confidence in Federal Government Securities remained high at the Federal Government Bond Auction conducted by the office on Wednesday.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Nigeria’s debt hits N25.7 trillion

The nation’s total public debt rose by N3.32trn in one year to N25.7trn as at the end of June 2019, the Debt Management Office said on Tuesday.
Nigerian Stock Exchange NSE

Nigerian Stock Exchange lists federal government N15 billion 7-year green bond

The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
The Bauchi state governor, Sen. Bala Mohammed, on Friday, inaugurated the newly appointed 20 commissioners as members of the State Executive Council (SEC).

Bauchi expresses readiness for implementation of accountability principles

Bauchi State Government has expressed its determination to ensuring the full implementation of the disbursement-linked Indicators, which is a World Bank initiative, under the state fiscal transparency, accountability and sustainability principles.
The Speaker of the House of Representatives, Femi Gbajabiamila, has approved the appointment of Olarewaju Lasisi as his senior special adviser on media and public affairs. 3

House of Reps approves MTEF

The House of Representatives on Thursday passed the 2020 to 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

APC: Governor Ortom mortgaging Benue future with loans

The opposition All Progressives Congress in Benue State on Wednesday called on the Debt Management Office and other relevant agencies to henceforth check loans being obtained by the State Governor, Samuel Ortom.

Federal government in fresh talks with World Bank over $2.5 billion loan

The federal government is negotiating for a new tranche of $2.5 billion concessionary loans with the World Bank, in a move to fund its estimated N2.15 trillion deficit contained in 2020 national budget. Also, the 2019 budget has a deficit of N1.64 trillion to be funded by loans.
Debt Management Office (DMO)

Federal government to auction N150 billion bonds on September 25

The federal government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction, the Debt Management Office (DMO) said.
Governor Dapo Abiodun of Ogun State has assured industrialists in the state of his administration’s readiness to put an end to the deplorable state of road network affecting manufacturers and other road users in the state.

Ogun governor seeks assembly’s approval to access N1.5 billion loan

Governor Dapo Abiodun of Ogun State, has written the the state House of Assembly seeking approval to access a concessionary loan of N1.5billion from the Central Bank of Nigeria (CBN) for the Anchor Borrowers’ Programme with a single-digit interest rate.

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APC Rally: Edo government insists no rally or gathering must hold

The Edo State Government on Friday insisted that no rally or gathering must hold in line with the government ban on all forms of political rallies, demonstrations, and procession in the state.
Former President Goodluck Jonathan on Thursday visited Rivers Governor Nyesom Wike at the Government House Port Harcourt.

Former President Jonathan: Governor Wike is a courageous politician

He said: “I felicitate with you, your friends and well-wishers as you celebrate your birthday. You are a courageous politician who has remained dedicated to service and impactful leadership to the people of Rivers State and Nigeria at large.”
Sen. Eze Ajoku, President, Coalition of Societies for the Rights of Older Persons in Nigeria (COSROPIN) on Friday said that older persons were also being violated and raped and called for urgent action to curb such nefarious acts.

Senator Ajoku: Older persons are being raped too

Sen. Eze Ajoku, President, Coalition of Societies for the Rights of Older Persons in Nigeria (COSROPIN) on Friday said that older persons were also being violated and raped and called for urgent action to curb such nefarious acts.