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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.

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.
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
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.

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.

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