Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter of 2023....
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said the...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said the Federal Government is obtaining loans and issuing promissory notes despite not having revenue to...
Two Federal Government of Nigeria (FGN) savings bonds have been issued by the Debt Management Office (DMO), with the subscription period falling between April 3, and...
Patience Oniha, director- general, Debt Management Office (DMO) has given reasons for the borrowings embarked upon by the federal government being used to fund subsidy payments...
Nigeria’s debt stock could be in excess of over N50 trillion compared to the N39.56tn reported by the Debt Management Office (DMO). This is according to...
The Debt Management Office (DMO) has opened the offer for a new N250 billion Sovereign Sukuk bond being raised by the Federal Government for development of...
According to official figures obtained from the Debt Management Office, the six geopolitical zones of the country currently have a total states domestic debt of N4.18...
The Debt Management Office has denied the rumour making the rounds that it was unable to account for the sum of N2.2 trillion allocated to its...
The Debt Management Office (DMO) has disclosed that more than $5.83bn foreign loans that have been approved are yet to be received as of December 31,...
The Debt Management Office (DMO) said on Wednesday the Federal Government planned to increase its concessionary long-term loans from home and abroad to finance budget deficits...
The Debt Management Office on Wednesday put the country’s total debt at N31 trillion. The figure, according to the DMO, was an increase of N2.38trillion over...
A recent release by the Debt Management Office (DMO) has placed Lagos, Rivers and Akwa Ibom as leading Nigeria’s most indebted states. The country’s monumental debt burden hardly seems...
Nigeria’s total borrowing from China at the end of March stood at $3.121 billion (N1.127 trillion at N361/$), the Debt Management Office (DMO) has said. In...
Nigeria’s debt to the World Bank soared from $8.51 billion (about N3.085 trillion) as of September 2018 to $9.81 billion (over N3.556 trillion) as at September...
The Debt Management Office (DMO) will on Monday, November 4, 2019, sell 2-year and 3-year Federal Government Savings Bond in its November 2019 issue. The savings...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday said that fears being expressed over Nigeria’s debt portfolio were not necessary. According...
According to a report released by Nigeria’s Debt Management Office (DMO) on Federal Government, States, and FCT external debt stock, Nigeria’s external debt now stands at...
Welcome to Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 24th of August, 2019. Here are the...
Data obtained on Monday from the Debt Management Office (DMO) revealed that the South-West region of the country, has more domestic debt than other regions of...
The immediate past governor of Oyo State, Abiola Ajimobi has down played accusations that he left a huge N150 billion behind as debt for the administration...
The Debt Management Office, DMO, has said that the Federal Government spent a total of $357.26m in the first three months of 2019 to service external...
Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019. The Debt Management Office (DMO) released the figure...
The Federal Government has disclosed plans to issue a second Green Bond of up to N15 billion. This was disclosed in a statement released on Monday...
The Debt Management Office (DMO) has revealed that the total public debt of Nigeria as at December 31, 2018 is N24.38 trillion. The Director-General of the...
Nigerian Government has revealed plans to borrow N1.6 trillion to finance its 2019 budget. The Director-General, Debt Management Office (DMO), Ms Patience Oniha disclosed this in...
The Federal Government is again offering for subscription savings bonds with a tenor of two and three years, a circular on Monday from the Debt Management...
The Debt Management Office (DMO) has said the Federal Government has concluded plans to auction N150bn worth of bonds by subscription on February 20. According to...
The Federal Government has kickstarted the auction of savings for the month of February, 2019. According to the Debt Management Office, DMO, the auction commenced on...
The Federal Government is set to auction N150 billion worth of bonds on January 30, the Debt Management Office (DMO) has said. The DMO, in a...
The Debt Management Office (DMO) has revealed that Nigeria’s total debt portfolio leaped from N12.12 trillion as of June 30, 2015 to N22.43 trillion as of...
The Federal Government has commenced the sale of the 2019 savings bonds by offering for subscription two-year savings bond at 12.12 per cent and three-year savings...
Documents from the Debt Management Office (DMO) showed that the Federal Government spent a whopping N2.21 trillion to service domestic debts in the first nine months...
The Debt Management Office (DMO) has said the Federal Government will be cutting down on domestic short term borrowing in order to achieve longer maturity for...
The rising debt profile of the Nigerian government cost it extra N247.46 billion in domestic debt servicing in 2017, statistics from the Debt Management Office (DMO)...
Following expected shortfall in independent revenue and recoveries, fiscal deficit in the 2018 budget is likely to widen by about 132 percent, according to a report...
One of the fastest and most reliable ways of building financial wealth and planning for retirement in this challenging economy is investing your little earnings rather...
The Federal Government may raise a promissory note amounting to N800 billion to offset pension arrears of retired federal workers, New Telegraph has learnt. A promissory...
The Debt Management Office (DMO) on Tuesday said Nigerians have no reason to panic over Federal Government’s borrowing from China. It said there is no risk...
The Federal Government said states owing workers’ salaries would not have access to the remaining $2.69 billion Paris Club refund. It said such states must clear...
The total external debt owed by the 36 states of the federation and the Federal Capital Territory (FCT), Abuja, rose by $131.55 million within the first...
To reduce their exposure to huge indebtedness, the state governments can no longer borrow from the banks or the bond market without the express approval of...
There are indications that the short-term bonds of the Federal Government are no longer attractive as its five-year and seven-year tenor bonds in May were poorly...
Any state government that fails to adopt a new strategy in its fiscal policy will no longer get support from the Federal Government, as the era...
The Debt Management Office (DMO) has disclosed that Nigeria’s total debt rose by N4.76tn in 2016. This information was contained in the DMO’s 2016 Annual Report...
There is every indication that the much awaited international investment drive by Nigeria, also known as Eurobond, will kick-off before the end of February 2017, according...
Preparations are in top gear for another visit to Nigeria by a delegation of the African Development Bank (AfDB) before the end of January 2017. The...
Baring last minute-changes, the Debt Management Office (DMO) will by the second week of November 2016 unveil the full list of banks to participate in the...
Reports emerging from the Debt Management Office (DMO) says Nigeria plans to raise $312.50 million (about N95bn) as its last auction bond market recorded about 25 per cent less yields than anticipated. The DMO in its report of the deal, made available to Ripples Nigeria, indicates that three-ranged local currency bonds were offered for the market reflecting those of: 2021, 2026 and...
