Thursday, August 18, 2022

Debt Management Office (DMO)

August 8, 2022

LCCI says Buhari’s expensive loans ruining economy, praises NNPC commercialisation

“The chamber has consistently advised the government to borrow from cheaper sources and consider deficit financing from equity instead of the expensive debts borrowed,” said LCCI.

A photo of President Muhammadu Buhari superimposed on N1000 note used to illustrate this story
July 7, 2022

DMO lists $1.25 billion eurobond on NSE, FMDQ

The Debt Management Office (DMO) is set to list the 8.375 per cent, $1.25billion, March 2029 eurobond on the Nigerian Stock Exchange (NSE) and FMDQ Securities Exchange Limited.

DMO DG Patience Oniha
July 5, 2022

DMO lists N250 billion Sovereign Sukuk on NSE, FMDQ

The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Group and the FMDQ Securities Exchange.

July 3, 2022

Debt Profile: Revenue generation major fiscal constraint of FG, says DMO

The DMO said the federal government was trying to identify and plug existing revenue leakages to enhance tax compliance and reduce evasion.

DMO DG Patience Oniha
June 30, 2022

Nigeria redeemed $300 million diaspora bond: DMO

As a sign of commitment to promptly honour its debt obligations, Nigeria says it has redeemed its $300 million diaspora bond which matured on June 27.

Rows of Dollars bundles
May 3, 2022

Experts warn Buhari against further plunging Nigeria into debts

Recently, Enoch Adeboye, the Redeemed Christian Church of God’s spiritual leader, raised concern about the country’s rising debt profile.

President Muhammadu Buhari
April 5, 2022

Buhari’s Borrowings: DMO lists two new FG savings bonds

The first, a two-year savings bond, came at an interest rate of 7.33 per cent per annum and will be due on April 13, 2024.

President Muhammadu Buhari and dollar
March 17, 2022

Lai Mohammed begs China for quick release of $500 million loan for NTA

Mr Mohammed made the plea when he met Chinese ambassador to Nigeria, Chui Jian Chun in his office on Thursday.

Lai Mohammed with Chinese officials standing beside him
March 17, 2022

Borrowings jerk Nigeria’s debt up to N39.55 trillion

The DMO had earlier revealed that the country’s debt stock as of September 2021, was N38 trillion.

DMO DG Patience Oniha
February 22, 2022

Nigeria remains largest African economy with over N400 billion in GDP: FG

With over N400 billion in GDP and about 200 million people, Nigeria still has opportunities for growth.