DMO Explains Factors Behind Nigeria’s Rising Debt Stock
The Debt Management Office (DMO) has provided insight into the recent increase in Nigeria’s debt stock, citing approved new borrowings...
Debt Management Office Warns Tinubu Against Additional Borrowing
The Debt Management Office has warned President Bola Ahmed Tinubu against additional borrowing noting that 73.5% of the country's revenue.
Nigeria’s Public Debt Hits N46.25trn
The Debt Management Office has said that Nigeria's public debt increased to N46.25 trillion as of the end of December 2021.
DMO Auctions N360bn Worth Of FGN Bonds
The Debt Management Office has auctioned four federal government of Nigeria bonds worth N360 billion, OduNews reports.
Nigeria’s Debt To Hit N77trn In 2023
The Debt Management Office says Nigeria's debt is expected to hit N77 trillion in 2023, OduNews reports.
FG Expends $548.67m On Railway Debt Servicing
The Nigerian government says it expended $548.67 million to pay for railway-related debt between 2016 and 2022, OduNews reports.
Nigeria’s External Debt Hits $40bn
Nigeria has incurred $40 billion in debt since President Muhammadu Buhari assumed office in 2015, OduNews reports.
DMO Releases FGN Bond Issuance Calendar For 4Q’22, Plans N720bn Domestic Loan
The Debt Management Office in its FGN Bond Issuance calendar for the fourth quarter of 2022 has listed a N720 billion domestic loan plan for the period.
Domestic Debt Servicing Rises By 46% To N1.33trn In H1 2022
The Nigerian government expenses on debt servicing increased by 46% to N1.33 trillion in the first half of 2022, OduNews reports.
Nigeria’s Debt To GDP Ratio Stands At 23%, Below 40% Limit – DMO
The Debt Management Office says Nigeria's debt to GDP ratio stands at 23% which is below the 40% limit set.
Nigeria’s Total Debt Stock Increase By N1.24trn In 3 Months
Nigeria's total debt stock has increased by N1.24 trillion between March and June 2022, with the total debt now standing at N42.84 trillion.
DMO Lists $1.25bn On NGX, FMDQ
The Debt Management Office has listed the 8.375%, $1.25 billion, March 2019 Eurobond on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited.
Buhari’s Government Targets N720bn In Q3’22
President Muhammadu Buhari's-led federal government says it projects to generate N720 billion in the third quarter of 2022.
Nigeria’s Debt Rises To N41.6trn In Q1 2022
Nigeria’s public debt has increased to N41.6 trillion in the first quarter of 2022, OduNews reports. This represents an increase...
N1.08bn Alleged Misappropriation Rocks DMO
The Debt Management Office, DMO is currently enmeshed in corruption scandal as a sum of N1.08 billion is alleged to...