Debt Management Office

The Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry have both raised concerns over the rising debt profile of Nigeria following Buhari’s request that the Senate should approve another N2.3tn external…

The Debt Management Office on Tuesday said that the Federal Government would offer N150bn bonds for subscription in May.A circular released by the DMO showed that the breakdown of bonds comprised three bonds worth N50bn each.Read…

The Debt Management Office (DMO) has decried the country’s debt service to revenue ratio, describing it as a major issue of concern.Mrs Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth…

The Debt Management Office (DMO) has announced that Nigeria’s public debt figure has hit an astonishing total of N32.2tn at the end of September 2020.The DMO made this announcement on Thursday.This latest statistic means that…

The Federal Government says it allotted N656.5 million to 288 subscribers at its February savings bond auction on Wednesday.The results of the sales were obtained from the website of the Debt Management Office (DMO) in Abuja.…

The Minister of Power, Works and Housing, Mr Babatunde Fashola, and his counterpart in the Ministry of Finance, Mrs Zainab Ahmed, justified the increasing borrowing of the current administration since it came to power.Speaking on…

The Debt Management Office (DMO) revealed that the country’s debt profile has risen to N22.43tn, as of last quarter of 2018.It will be recalled that, as of June 30, 2015, the country’s total debt stood at N12.12tn. This implies that  …

The Nigerian Debt Management Office has confirmed that the Federal Government of Nigeria borrowed a total of N2.32tn to fund the deficit in the 2017 national budget as contained in its 2017 annual report released in Abuja on Monday.…

The Senate has blasted the Federal Government and its agencies for not implementing the payment of petroleum subsidy claims by oil marketers in the country after it had approved payments back in July.The knocks for the executive arm of…