Tag: DMO
Paris Club Refund: Hearing in 36 governors’ $418m debt suit stalled
Dec. 21, 2021 A suit filed by the 36 state governors over plan to deduct monies accruing to them from the federation account to settle 418 million dollars judgment debt in relation to Paris Club Refund was, on Tuesday, stalled in a Federal High Court, Abuja. Justice Inyang Ekwo adjourned hearing in the suit until ...Governors pledge to mediate in doctors’ strike
Aug. 27, 2021 The Nigeria Governors’ Forum (NGF) has resolved to take a mediatory role to resolve the ongoing strike by the Nigeria Association of Resident Doctors (NARD). The forum disclosed this in a communiqué issued by its Chairman and Governor of Ekiti State, Dr. Kayode Fayemi, after it 33rd teleconference held on Wednesday. The ...Lagos accounts for 12.31% of total domestic debt stock as FG, States owe N33.11tn in external, domestic debt in Q1 – NBS
June 24, 2021 The Federal and State governments are owing N33.11 trillion in public debts, as at March 31, according to latest figures released by the National Bureau of Statistics (NBS) on Thursday. The NBS, who stated this in its “Nigerian domestic and foreign debt for Quarter one, 2021 (Q1 2021)”, added that upon disaggregation, ...Buhari seeks senate approval for $6.183 bn external loan
May 18, 2021 President Muhammadu Buhari has sought the approval of the Senate for an external loan of 6.183 billion dollars, to fund the deficit of N5.602triillon in 2021 Appropriation Act. This is contained in a letter addressed to the President of Senate, Dr. Ahmad Lawan and read at plenary on Tuesday. Buhari said the ...DMO says Lagos is a top-level player in Nigeria capital market as Fitch begins rating review exercise
The Permanent Secretary, Debt Management Office (DMO), Mr. Olujimi Ige, has described the Lagos State Government as a responsible issuer and player in the Nigerian Capital Market, just as he disclosed that the international renowned Fitch Rating Agency has initiated the process of reviewing the State’s ratings for Y2021. Ige said there is no doubt ...FEC approves new debt management strategy 2020 – 2023 –DMO
The Federal Executive Council (FEC) has, at its meeting on Wednesday, approved a new Medium Term Debt Management Strategy (MTDS) for Nigeria, for the period 2020-2023, according to the official website of the Debt Management Office (DMO). DMO explained that the MTDS was a policy document that provided a guide to the borrowing activities of ...Nigeria rakes in $450m from Islamic bonds to finance infrastructure
Nigeria has raised 162.56 billion naira ($450 million) to help finance infrastructure projects through the sale of Islamic bonds to local funds and insurance companies, the Debt Management Office (DMO) said. The government had planned to sell 150 billion naira of the Sukuk in its third outing, the DMO said, but it increased the size ...N162.55bn Sukuk Fund to be used for 44 roads in six zones – DMO
The Debt Management Office (DMO) says the N162.55 billion it allotted to investors in the third sovereign Sukuk will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. It said this in a statement on Friday in Abuja while announcing the result of the Sukuk for which it offered ...N3.26 trn local debt to mature this year – DMO
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 ...Nigeria to introduce a 15-year debt maturity for the first time – DMO
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 ...
