Tag: Debt Management Office (DMO)

The debt office says the government has raised $4 billion.

Nigeria is expected to raise up to $3 billion (1.2 trillion) but no more than $6.2 billion.

...the renewal of NBET’s license should be done with a view to winding down NBET over a defined period. Thus, new ...

The governors are accusing the finance minister of “corruption and lawlessness” by initiating the process of paying the $418 million ...

Mr Buhari’s is against the governors’ protest and call for a forensic audit into the suspicious judgment debts

Eurobonds will be issued to partly finance the 2021 budget deficit, the proceeds will be used to fund various projects ...

The government is offering a two-year and a three-year savings bonds.

With just two years left, the administration has performed terribly on seven key economic parameters.

The Fiscal Responsibility Commission blames the action of the MDAs on the defects in the Act establishing the Commission.

The bonds have interest rates of 7.57 per cent and 8.75 per cent.

The savings bond issuance is expected to help finance the nation’s budget deficit.

The Ijarah Sukuk has a seven-year tenor at a rental rate of 11.20 per cent.

The director general of the Debt Management Office says the country is open to issuing 30-year plus bonds.

The new strategy will also ensure that government debt is sustainable, the DMO said.

The bond is subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter.

Of the total external debt stock, the federal government owes N9.824 trillion, or $27.214 billion (about 31.6 per cent) of ...

DMO said the clarification was necessary to show that China is not a major source of funding for the Nigerian ...

China is known for its debt-trap diplomacy and Nigeria has to be careful not to lose valuable natural assets and ...

The DMO said it will continue to raise funds through Sukuk to support improvement in infrastructure and development of the ...

Subscription for the bond, guaranteed by the government, would close on June 2.

All the appointments take immediate effect.

The debt management office says President Buhari simply changed the sourcing of the loan from external to local.

The debt management agency said the auction, which held on Wednesday, followed the familiar trend since the beginning of the ...

The author suggests how the Nigerian government can fund infrastructure and growth without going deeper into debt.