Nigeria’s Debt Expected To Hit N77trn – DMO
January 5, 2023 Nigeria’s debt is expected to hit N77 trillion in the coming year, according to the Debt Management Office (DMO). Channels Television reports that the Director General of…
Nigeria’s public debt stock hits N42trn, over 58% external debt stock concessional, semi-concessional loans – DMO
September 20, 2022 The Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars)…
Nigeria urgently needs to increase revenue generation and collection – DMO
August 24, 2022 The Debt Management Office (DMO) says Nigeria needs to earn higher revenue and manage its debt profile more efficiently. The Director-General, Mrs. Patience Oniha made the declaration…
LAGOS DMO INSPECTS BLUE RAIL LINE PROJECT
June 17, 2022 The Permanent Secretary, Debt Management Office, Mrs. Rukayat Alake Sanusi, has inspected the progress of work on the Blue Rail Line project in anticipation of a visit…
Internal borrowing: DMO says Nigeria’s debt stock likely to increase by N720bn in Q2
April 5, 2022 The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in…
 There’re statutory laws regulating borrowings – DMO
March 24, 2022 The Debt Management Office (DMO), says borrowings by countries to finance budget deficits and critical infrastructure is not necessarily bad. Patience Oniha, the Director-General of DMO said…
Nigeria emerges first in Africa to access ICM, raises $1.25bn Eurobonds
March 18, 2022 Nigeria has officially raised 1.25 Billion dollars through the issuance of a seven-year Eurobonds in the International Capital Market (ICM). In a statement by the Director-General of…
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…
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…
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…