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…
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…
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…
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)…
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…
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…
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…
Nigeria has no plans to be in the int’l debt market this year – DMO
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…
FG to produce a more comprehensive debt database – Minister
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…
Nigeria owed N25.7 trn debt as at June 30, 2019 – DMO
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…