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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.
Debt Management Office (DMO)

Federal government’s September savings bond opened for transactions

The Debt Management Office (DMO) says that the September savings bonds’ offer of the Federal Government has opened for transactions.
Debt Management Office (DMO)

DMO issues N60 billion FGN bonds

Debt Management Office, DMO, yesterday, issued N59.53 billion FGN Bonds for the three tenors offered at the monthly auction

Governors meet over NFIU’s directive on local council funds

The 36 state governors under the umbrella of Nigeria Governors’ Forum (NGF) are meeting in Abuja to discuss update on recent directive of the Nigerian Financial Intelligence Unit (NFIU) on local government funds.
President Buhari at the event

Experts: Federal government’s primitive economics can’t lift 100m out of poverty in 10 years

President Muhammadu Buhari may be among the very few Nigerians with the blood of nationalism running in their veins, but his Democracy Day pledge to lift 100 million citizens out of poverty over the next 10 years appears empirically doubtful going by the realities of the nation’s economic fundamentals.
Benedict Ayade

Governor Ayade inaugurates taskforce to strengthen state loans, deep seaport, super-highway projects

The Cross River State Governor, Professor Ben Ayade, has today the 31st day of July, 2019 inaugurated the Task Force Committee on Loans Review, with a mandate to review all loans taken by the State and those indebted to the State.

PDP slams Governor Fayemi over ‘fresh N5 billion loan’

The Ekiti State chapter of the Peoples Democratic Party National New Media Group (PDP-NNMG) has accused the State Governor, Dr. Kayode Fayemi, of plotting to plunge the State into another round of debt, disclosing that the governor was about taking N5 billion loan from a new generation bank.
Imo Chapter of the National Youth Council of Nigeria (NYCN) has called on the state governor-elect, Mr Emeka Ihedioha, to carry the youth along when he is sworn-in.

Governor Ihedioha: Senator Okorocha’s govt shunned TSA, operated 250 accounts

Governor Emeka Ihedioha of Imo State says his predecessor, Rochas Okorocha, operated 250 bank accounts as opposed to the Treasury Single Account being implemented by the Federal Government and many other states.
The Buhari Media Organisation (BMO) has advised former Vice President Atiku Abubakar and the Peoples’ Democratic Party (PDP) presidential candidate in the Feb. 23 election to come to terms with his loss at the election.

Atiku Abubakar tackles federal government over ‘unsustainable’ borrowing

Former Vice President Atiku Abubakar, has called on the Federal Government to halt the nation’s descent into another era of unsustainable domestic and foreign borrowings which he said has become the hallmark of the Muhammadu Buhari administration.
Debt Management Office (DMO)

Nigeria’s total debt stock rises to N24.9 trillion in first quarter of 2019

Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at December 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said.
Debt Management Office (DMO)

Nigeria’s public debt hits $81.27 billion

Nigeria’s total public debt that aggregates both external and domestic debt has ballooned to N24.947 trillion ($ 81.274 billion), according to a statement by the Debt Management Office (DMO) on Wednesday.

Federal government identifies 22 foreign exchange earning sectors to replace oil

About 22 sectors capable of generating foreign exchange for the federal government in place of crude oil have been identified, the Executive Director, Nigerian Export Promotion Council (NEPC), Segun Awolowo, has said.

Segun Awolowo: Nigeria’s zero oil plan targets $150 billion revenue

The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise 150 billion dollars revenue from sources outside the nation’s oil sector in the next 15 years.

Federal government begins sale of 2, 3-year savings bonds at 11.19%, 12.19%

The Federal Government has offered for subscription two-year savings bond at 11.19 per cent and three-year savings bond at 12.19 per cent per annum, the Debt Management Office (DMO) said.
Debt Management Office (DMO)

DMO: June bond oversubscribed by N60 billion

The N100 billion Federal Government of Nigeria (FGN) June bond auctioned on Wednesday by the Debt Management Office (DMO) was oversubscribed by N60 billion, showing a high level of demand by investors.

Wobbly start for Governor Ihedioha

There must be something about political power that makes otherwise good men to act contrary to expectations once in power. And it can be very dispiriting. Let me mention immediately that I do not know Governor Emeka Ihedioha from Adam.

DMO denies reports foreclosing raising euro bond in 2019

Following media reports insinuating that the Federal Government has no plans to issue Eurobonds as part of its external borrowing in 2019, the Debt Management Office (DMO) on Wednesday clarified that there was no such foreclosure.

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A man waves as he disembarks from a plane as a first group of Nigerians repatriated from South Africa following xenophobic violence arrives in Lagos on September 11, 2019. PIUS UTOMI EKPEI - AFP

Xenophobia: Nobody should blame those who don’t want to return – Jonathan Nnaji

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Cristiano Ronaldo: I was one step away from Arsenal move

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Efe Ajagba

Efe Ajagba will become world boxing champion soon – trainer

Legendary boxing trainer Ronnie Shields believes that Efe Ajagba can rule the heavyweight division in the near future.
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Egypt banned from world weighlifting championships

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