Home Topics DMO

DMO

The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN extends deadline for dollar for naira promo

The Central Bank of Nigeria has extended the deadline for its Naira 4 Dollar Scheme indefinitely.
In continuation of its renewed efforts to provide more critical infrastructure in the state, the administration of Governor Ifeanyi Ugwuanyi of Enugu State has approved the execution of development projects worth over N2.5 billion.

Paris Club refund: Firms slams N10 billion suit against Enugu government

A consortium of consulting firms, Mauritz Walton Nigeria Limited, and Bizplus Consulting Services Limited, has asked a High Court of the Federal Capital Territory (FCT) to order the Enugu State Government to pay them the sum of N10.2billion being the debt owed them regarding the Paris Club refund.

Nigerian government sets guidelines for states’ debt management operations

The federal government has released guidelines for the legal framework for states’ debt management operations for the achievement of the disbursement-linked indicator (DLI) under the States’ Fiscal Transparency Accountability and Sustainability (SFTAS) Programme of the central government.
Debt Management Office (DMO)

Sukuk bond: DMO seeks transaction advisers

The Debt Management Office (DMO) has announced openings for transaction advisers to organise Sukuk bonds in the Nigerian capital market.

Group: Nigeria should re-evaluate Chinese loans

Transforming Uplifting and Reforming Nigeria (TURN) which is committed to the socio-economic well-being of Nigeria has expressed its concern about the indebtedness of the Federal Republic of Nigeria to the People’s Republic of China. The organization is worried also about what it called “the reported enslaving terms of conditions which Nigeria agreed to in order to secure the loans.”
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate okays fresh $1.5 billion, €995 million loans

The senate has approved fresh external loans of $1.5bn and €995m for the federal government.
Debt Management Office (DMO)

DMO lists N150 billion Nigerian government bonds for auction

The Debt Management Office (DMO) announced the auctioning of three federal government bonds of N150 billion at N1,000 per unit.
ActionAid Nigeria (AAN)

ActionAid, stakeholders express worry over unstable levels of borrowing, rising national debt profile

A non-profit making organisation, ActionAid Nigeria, AAN, and stakeholders, Friday, expressed worry over unstable levels of borrowings and rising national debt profile under the Buhari-led administration and poverty increasing daily.
Debt Management Office (DMO)

DMO opens FGN savings bond offer for subscription

The Debt Management Office (DMO) has announced the offering for subscription the 2 and 3 years federal government of Nigeria (FGN) savings bond for April 2021.
Governor Bello Matawalle of Zamfara has directed the state’s Commodity, Marketing and Distribution Board to take charge of supplying foodstuff for the boarding secondary school feeding scheme to guarantee its quality.

Group asks EFCC to probe N37.4 billion Zamfara promissory notes

The Patriots for the Advancement of Peace and Social Development (PAPSD) has asked the new Chairman of the Economic and Financial Crimes Commission (EFCC) to investigate alleged diversion of N37.4 billion promissory notes by the administration of Abdulazeez Yari in Zamfara.
Debt Management Office (DMO)

DMO raises N362.5 billion through Sukuk initiative

The Debt Management Office (DMO) has listed its third Sovereign Sukuk “N162.557 BILLION 7-YEAR 11.200% AL IJARAH SOVEREIGN SUKUK DUE 2027” on The Nigerian Stock Exchange and the FMDQ Securities Exchange.

DMO: Nigerian roads financed with Sukuk not repaying debt as planned

The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern.
President Muhammadu Buhari has decorated the Chief of Defence Staff (CDS), Lucky Irabor, with his new rank of four-star General, and the three service chiefs as three-star Generals. Others decorated on Friday by President Buhari at the Council Chambers of the Presidential Villa, Abuja were Lieutenant-General Ibrahim Attahiru, Chief of Army Staff; Vice Admiral Awwal Zubairu, Chief of Naval Staff; and Air Marshal Ishiaka Oladayo Amoo, Chief of Air Staff.

Women’s Day: Presidency releases checklist of ‘Buhari’s Women’

The Nigerian presidency has released list of some of the women appointed into key positions as the country joins the global community in celebration of March 8 International Women’s Day.
Debt Management Office (DMO)

DMO clears air on 2018 N2.1 trillion debt service

The Debt Management Office (DMO) has explained that the N2.1 trillion allocated for Debt Service in the 2018 federal government budget was paid directly to the creditors by the Office of the Accountant-General of the Federation (OAGF).
The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in a statement signed by the Director of Information of the ministry, Mr Theodore Ogaziechi, on Sunday in Abuja.

Nigerian government partners Crown Flour Mills to boost wheat production

The Federal Government has expressed its readiness to partner with Crown Flour Mills to expand the capacity for wheat production in the country.
House of Representatives has elected to set a limit and timeframe for any person appointed as the Chairman of the Economic and Financial Crimes Commission, EFCC on acting capacity.

House of Reps probe AGF over N2.2 trillion revenue accrued from foreign, domestic debts

The Accountant General of the Federation is expected to furnish the House of Representatives with financial statement on the utilisation of the N2.2 trillion revenue accrued from the foreign and domestic debts raised by Debt Management Office.
Debt Management Office (DMO)

DMO: Nigeria’s debt-GDP will increase by 15 percent

The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide the government in its borrowing activities for the period 2020-2023.
The Federal Executive Council, FEC, on Wednesday approved contracts worth over N26.7 billion for projects under the ministries of Information and Culture; Communication and Digital Economy, and Humanitarian Affairs, Disaster Management, and Social Development.

Nigerian government approves new debt management strategy

The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023.
Abdullahi Ganduje

Kano government challenges court jurisdiction on suit against N300 billion loan

The Kano State Government and the state House of Assembly are challenging the jurisdiction of the Federal High Court in Kano to hear a case filed against the proposed N300 billion loan from China Exim Bank.
Debt Management Office (DMO)

DMO calls for investments in FGN Savings Bond

The Debt Management Office (DMO) on Monday called for investments in the Federal Government of Nigeria (FGN) Savings Bond with two-year tenure and three-year tenure.
Dr Efem Ubi, Director of Research, Nigerian Institute of International Affairs, says the allegation by critics that Nigeria is gradually ceding her sovereignty to China on account of excessive borrowing is untrue. Chinese Yuan

Institute: Nigeria not ceding sovereignty to China by borrowing

Dr Efem Ubi, Director of Research, Nigerian Institute of International Affairs, says the allegation by critics that Nigeria is gradually ceding her sovereignty to China on account of excessive borrowing is untrue.
Troops of Operation Whirl Stroke and 177 Battalion on Wednesday killed two bandits in a raid on their hideout at Angwan Mada in Nasarawa State, defence spokesman, Maj.-Gen. John Enenche, disclosed in a statement on Thursday in Abuja.

DHQ: Operation Thunder Strike neutralises armed bandits in Kaduna

The Defence Headquarters (DHQ) on Sunday said that the air component of Operation Thunder Strike has neutralised several armed bandits at Chikwale Forest in the Mangoro area of Chikun Local Government Area in Kaduna State.

Recent Stories

“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two ‘killed’, one injured as robbers attack bullion van in Ondo

Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo governor commiserates with Pastor Adeboye over son’s demise

Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
1. Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the State House, Abuja.

VP Osinbajo: Nigeria’s unity must not be compromised

Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.

Most Popular

The wife of the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Folu Adeboye, on Tuesday inaugurated a new Redeemer’s Health Centre (RHC) annexe in Ibadan.

Folu Adeboye inaugurates new Redeemer’s health centre in Ibadan

The wife of the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Folu Adeboye, on Tuesday inaugurated a new Redeemer’s Health Centre (RHC) annexe in Ibadan.
Ibrahim Attahiru, chief of army staff

Troops nab Boko Haram’s collaborators in Yobe

Less than 48 hours after the Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, renamed Operation ‘Lafiya Dole’ (OLD) to Operation ‘Hadin Kai’ for mobilizing critical stakeholders’ in the fight against Boko Haram terrorists, residents have started providing useful information to the military in their communities.

West Ham vice-chairman: Refereeing in the Premier League worse than ever

Writing in her column in the Sun, Hammers vice-chairman Brady said: “The Stockley Park mob, blinking in front of an array of screens, may get more offsides right although, goodness knows, they often do so to the fury of people who don’t see any sense in arms or shirt sleeves being involved.

Edo mobile court convicts 20 tricycle operators

A Mobile Magistrates’ Court in Ekae at Sapele Road, Ikpoba-Okha Local Government Area of Edo on Thursday convicted 20 persons for operating tricycles without permit.
The State Acting Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday said that planting of fruit trees in schools was also to encourage students to become healthy, productive and maintain a sound environment.

Official: Lagos residents consume N5 trillion worth of food annually

The Lagos State Government says residents of the state are consuming food and agricultural produce worth about N5 trillion annually.