Tag: Debt Management Office

The president said his request was pursuant to Section 77(5) of the Finance Act 2020 in a letter dated June ...

Her appointment for a second term was based on the significant achievements recorded by the DMO in the last five ...

SERAP is also seeking “an order directing and compelling the Federal Government to publish details of spending of the loans ...

The court the matter relating to the Paris Club refund judgement debts till December 13.

According to data obtained from the website of the Debt Management Office, Bayelsa’s debt profile as of June 2021 stood ...

The Nigeria's economy slipped into recession in 2016 and 2020.

The finance minister says insecurity and other factors slowed growth in the agriculture sector, thereby denying the economy a stronger ...

The bonds comprised three bonds worth N50 billion each

Last week, the government said it will source funding to develop two key rail lines, from Standard Chartered Plc.

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

The DMO says new borrowing to finance budget deficits had declined between 2017 and 2019.

The Debt Management Office decries the country's debt service to revenue ratio.

SEC wants to be in charge of the management of the proposed trust fund for unclaimed dividends rather than the ...

Ifeanyi Ubah says Governor Obiano paid N8 billion to cash out FG's N25 billion promissory notes ahead of maturity, but ...

The official said the federal government had to leverage alternative sources of funding to finance infrastructure, due to the paucity ...

Presidential aide, Ita Enang, says funding support is to come from SuKuk bond.

The agency says the federal government is responsible for 80 per cent of the debt.

The official said contrary to speculations Nigeria was gradually slipping into a debt crisis, the country's debt profile is still ...

The bonds two and three years bonds were offered at 11.244 per cent and 12.244 per cent, respectively.

The DMO said investors sentiments remained strong for the longer-dated bonds.

The agency said the results of the offer for N15 billion yielded a total subscription value of N32.93 billion.

The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 ...

The five-year re-opening bonds of N35 billion will mature in April 2023.

The two-year bond will be due in May 2021 while the three-year bond will be due in May 2022.

The government says it will borrow more from concessional sources tied to specific projects.