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Business

DMO says Nigeria’s total public debt increased by N37.53trn in 3 months

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...
Business

Coup: Money Earmarked To Prosecute War In Niger Republic Should Be Used To Increase Minimum Wage, Expert Advises Tinubu

A United States-based financial expert, Kalu Aja has warned that Nigeria may not be able to sustain the war it is starting with Niger...
Business

DMO boss, Oniha, counsels incoming govt on debt management, borrowings

incoming govt on management, not borrowing
Business

DMO Reacts To THE WHISTLER Report On N110.31bn China Railway Debt

The Debt Management Office (DMO) has reacted to THE WHISTLER report on Nigeria’s alleged failure to service its China-owed railway debt.The principal and the...
Business

DMO Reacts To THE WHISTLER Report On N110.31 China Railway Debt

The Debt Management Office (DMO) has reacted to THE WHISTLER report on Nigeria’s alleged failure to service its China-owed railway debt.The principal and the...
Business

Nigeria Fails To Service N110.31bn China Railway Debt, Sector Generates N12bn

The Federal Government In the last two years ending December 2022, has failed to service the railway debt owed China which has accumulated the...
Business

DMO offers two FGN savings bonds at N1,000 per unit

Two Federal Government of Nigeria (FGN) savings bonds have been issued by the Debt Management Office (DMO), with the subscription period falling between April...
Business

FG Spends N1trn In January, February To Service Debt Says DMO

The Federal Government has spent N1trn or $2.31bn to service Nigeria’s N44.06trn ($101.9trn) debt in the first two months of 2023.The development is coming...
Business

FG Raises N742.5bn From Sukuk Bonds In Five Years For Construction Of Over 71 Road Projects

Between 2017 and 2022, the Federal Government has raised the sum of N742. 56bn from the issuance of Sukuk Sovereign Bond for the construction...
Business

FG Woos Bond Investors With Higher Interest Rates Amid Moody’s Downgrade

The Debt Management Office (DMO) has increased the rates on FGN Savings Bond, a move to attract domestic investors who are now cautious of...
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