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Debt Management Office
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 on Tuesday made a case for the approval of the $22.718 billion loan request made by President Muhammadu Buhari to the National Assembly.
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).
President Muhammadu Buhari has replaced Muiz Banire as the head of Asset Management Corporation of Nigeria (AMCON).
Forty-two civil society organisations on Thursday raised concerns over Nigeria’s increasing debt profile, asking that efforts be made to stop the trend.
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.
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.
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 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.
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 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.
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.
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 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.
The National Drug Law Enforcement Agency (NDLEA), Kwara Command, has arrested a total of 119 drug suspects between July and December.
Manchester City manager Pep Guardiola cancelled Christmas for his first-team stars, as they were banned from attending the club’s festive party.
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.
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.
A bill seeking to reduce frequent accidents by petroleum trucks on Nigerian roads on Tuesday scaled through the second reading in the Senate.
The National Human Rights Commission (NHRC) has appealed to youths to stay off crimes, but defend their rights for the development of the nation.
Fatima Abdullahi, the sister of the ex-chairman of the Pension Reform Task Force, Abdulrasheed Maina, told the Federal High Court, Abuja, on Wednesday that she was not aware of the companies and bank accounts opened in her name by the defendant.
North Korea on Monday slammed US President Donald Trump for “bluffing” and called him “an old man bereft of patience” as Pyongyang ramps up pressure on Washington over stalled nuclear talks.
Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has congratulated Nigerian-born British boxer, Anthony Joshua, for defeating his opponent, Andy Ruiz Jr, in Saturday’s World Heavyweight Boxing fight in Saudi Arabia, to reclaim his World Heavyweight titles.