Debt Management Office

Nigeria has spent a sum of $520.78 million on external debt servicing in the third quarter of 2021, rising by 74.2% compared to $298.9 million recorded in the preceding quarter (Q2 2021). This was contained in the quarterly debt report…

Former President Olusegun Obasanjo has frowned at the increasing rate of borrowings by the Federal Government. According to the former president, borrowing for recurrent expenditure is ‘foolish’. Obasanjo, in a video interview posted…

The President Muhammadu Buhari-led Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51 trillion, rising by 2,286 per cent in six years, data collated from the CBN…

The Senate has uncovered how officials of the Office of Accountant-General of the Federation made Nigeria lost a difference of $274.2 million (N54.1 billion) on external loan in 2015. The revelation is contained in the report of Senate…

Babajide Okeowo The Federal government of Nigeria, FG is set to offer a fresh FGN Bonds valued at N150 billion for subscription through the Debt Management Office (DMO) this week. According to the offer circular released to the…

Nigeria’s debt profile rose by a whopping N3.3trillion in just three months according to a report by the Debt Management Office, DMO, two weeks ago. Yet, the handlers of the Nigerian economy say this is no cause for alarm. Babajide…

The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally. The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja. The…

The Federal Government may have entered into discussion to secure a World Bank concessionary loan to the tune of $2.5 million. This was disclosed by World Bank’s Vice president for Africa, Hafez Ghanem. Ghanem said this during an…

With the signing into law of the 2019 Budget by President Muhammadu Buhari on May 27, 2019, the dust raised by the delay in passing the Appropriation Bill by the National Assembly has finally settled. The approval of the budget by the two…

Former Ekiti State Governor, Chief Ayodele Fayose, has described the statement credited to Governor Kayode Fayemi that his administration was an error as a mere political statement that shouldn't be taken serious. Fayose, who reacted…