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Business

Nigerian govt to raise N120bn as December bond auction opens

The Federal Government is poised to raise N120 billion through the auction of two Federal Government Bonds.According to the Debt Management Office (DMO), the...

Business

Edun, Cardoso over the moon as FG raises $2.2bn from Eurobond issues

In its first return to the international capital market after a two-year absence, the Debt Management Office (DMO) has disclosed that Nigeria has raised...

Business

Nigeria’s $2.2bn Eurobond Oversubscribed By $9bn, Says DMO

The Federal Government has successfully raised $2.2bn in Eurobonds maturing in 2031 (6.5-year) and 2034 (10- year) in the international capital markets, with $700m...

Business

Relief For Nigeria, Others As IMF Cuts Borrowing Cost By 36%

The International Monetary Fund (IMF) said it will slash interest on loans of members by 36 per cent.This will enable members save up to...

News

Gov Obaseki Declares Nigeria ‘Technically Bankrupt,’ Urges Immediate Restructuring

The Edo State Governor, Godwin Obaseki, has declared that Nigeria is “technically bankrupt” and called for urgent restructuring of the country to address the...

Business

Experts Kick As APC Govt Increases Nigeria’s Debt By N109.6tn In Nine Years

Nigeria’s public debt under the ruling All Progressive Congress (APC) rose by 903.9 per cent to an all-time high of N121.67tn ($91.46bn) as of...

News

SERAP Asks World Bank To Probe Alleged Corruption In Spending Of Loans Obtained By FG, States

The Socio-Economic Rights and Accountability Project (SERAP) has asked the World Bank Inspection Panel to probe allegations of corruption in the spending of the...

Business

SEC Urges Businesses To Adopt Sustainable, Climate-Friendly Solutions

The Director-General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has stated that the principles of sustainable finance will open a new vista...

Business

Tinubu’s Govt Borrowed N6.5tn In Three Months As Debt Hits N121.67tn

The Bola Ahmed Tinubu administration has borrowed N6.53tn between December 2023 and March 2024 including the securitasation of Ways and Means, according to data...

Business

Court Adjourns Suit Filed On Nigerians’ Behalf Against DMO’s Bid To Securitize N23trn Ways And Means Loan

The Federal High Court sitting in Abuja, Friday, fixed December 4 for continuation of hearing on a motion on notice seeking an interlocutory injunction...

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Tag: DEBT MANAGEMENT OFFICE

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