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Debt Management Office (DMO)

Investors stake N458.2 billion for N140 billion FGN Bond

The appetite of investors to take up Federal Government Bond has remained unabated, as they staked a total of N458.2 billion for the N140 billion bond put on offer by the Debt Management Office (DMO), yesterday.

FRC: Debt exceeds revenue in 36 states, FCT

All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues, the Fiscal Responsibility Commission has said.

DMO: Nigeria public debt stands at N26.2 trillion

The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion.
Edo State Governor Godwin Obaseki, has asked the Peoples Democratic Party to show proof of allegations that the state treasury is empty.

Edo governor dares PDP to prove allegation of empty treasury

Edo State Governor Godwin Obaseki, has asked the Peoples Democratic Party to show proof of allegations that the state treasury is empty.
Senate President Ahmed Lawan 1

Senate begins consideration of President Buhari’s $29.9 billion loan, refers to committee

The Senate has begun the consideration of President Muhammadu Buhari’s request of 2016-2018 External Borrowing to the tune of $29.96 billion to be spent by the Federal Government to execute key infrastructural projects.
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.

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Jamal Lewis is mobbed by his Norwich teammates – and substitutes – after scoring his first Premier League goal to cut down Leicester. JASONPIX-Shutterstock

Norwich secure crucial 1-0 win against Leicester

Norwich boosted their bid for Premier League survival as Jamal Lewis fired the bottom club to a crucial 1-0 win over third-placed Leicester on Friday.
The Minister of Information and Culture, Lai Mohammed, said in terms of business opportunities, employment and earnings, the entertainment industry is an unexplored keg of potentialities.

Coronavirus: Don’t fall for fake news – minister

The Federal Government is asking Nigerians not to fall for the antics of purveyors of fakes news and disinformation on social media over the new case of Coronavirus recorded in the country.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Enugu council poll: Police announce restriction of movement

Police Command in Enugu State has announced the restriction of human and vehicular movements in the state on Saturday, Feb. 29, for Local Government Elections.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Coronavirus: Nigeria urged to suspend flights from affected countries

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2019 elections, says it is time the federal government suspends flights from countries that have been affected by the coronavirus.
Kola Ologbondiyan, PDP publicity secretary

Coronavirus: Nigerians should hold President Buhari responsible – PDP

The Peoples Democratic Party, PDP, on Friday, urged Nigerians to hold President Muhammadu Buhari responsible if Coronavirus leads to any major calamity in Nigeria.