Patience Oniha, DMO boss   The debt office said a total of 3.26 trillion naira worth of local debt would mature this year while it planned to issue a total of 3.58 trillion naira in debt, a debt office presentation showed. It will introduce a 15-year maturity for the first time and sell a new 30-year ...

Patience Oniha, DMO boss   Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office presentation showed. The debt office said local fund managers bought most of the bonds in 2019, accounting for more ...

Nigeria has no plans to tap the international debt market this year due to the time constraints before the end of its budget cycle, the head of the government’s debt office told Reuters on Friday. Nigeria had its last eurobond sale in November, its sixth outing where it raised $2.86 billion. Foreign borrowing had been ...

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Thursday said there were debts owed by states and government enterprises that had not been captured. Ahmed made this known during a panel discussion on Debt Transparency at the ongoing World Bank/IMF Annual Meetings in Washington, United States. This revelation is coming two ...

The Debt Management Office (DMO), says as at June 30, 2019 Nigeria owed N25.7 trillion in debt both domestically and externally. The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja. As at Dec. 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion. The present figure ...