National Assembly Plans to Review Loans Owed to China
National Assembly Plans to Review Loans Owed to China The National Assembly has announced plans to review loans accessed by the Federal Government between 2000…
Debt Management Office
G20 to Suspend Repayment of Sovereign Debts for Low Income Nations
G20 to Suspend Repayment of Sovereign Debts for Low Income Nations The Group of 20 is about to approve a deal that would allow low-income…
Nigeria’s Debt Rises to N27.4 Trillion Says DMO
Nigeria’s Debt Rises to N27.4 Trillion Says DMO The Debt Management Office on Wednesday said the nation’s total public debt rose to N27.4 trillion as…
DMO Says Coronavirus to Disrupt Debt Plans
DMO Says Coronavirus to Disrupt Debt Plans The Debt Management Office said the fast-spreading coronavirus will disrupt Federal Government’s plans on debt. Patience Oniha, the…
FG Abandons $22.7bn Loan As Coronavirus Disrupts Plans
FG Abandons $22.7bn Loan As Coronavirus Disrupts Plans The Federal Government has abandoned its plan to borrow $22.7 billion external loan amid fast-spreading coronavirus and…
FG Spends N2.1trn Servicing Debt in 2019
FG Spends N2.1trn Servicing Debt in 2019 Nigeria’s rising debt from both local and foreign lenders continues to gulp a larger part of the nation’s…
Nigeria Needs to Generate More Revenues – Oniha
Nigeria Needs to Generate More Revenues – Oniha The Director-General, Debt Management Office, Mrs Patience Oniha, on Thursday said that the nation must improve revenue…
Lagos Debt to Revenue Hits 813.41% -FRC
Lagos Debt to Revenue Hits 813.41% -FRC Lagos State, Nigeria’s commercial capital, total debt to revenue in 12 months rose over 800 percent, according to…
China Entices Nigeria With Low Interest Loans, Cheap Labour to Remain Nigeria’s Lender
China Entices Nigeria With Low-Interest Loans, Cheap Labour to Remain Nigeria’s Lender Analysts have revealed that Nigeria is more indebted to China than any other…
DMO Lists FG’s Second N100bn Sukuk on NSE
DMO Lists FG’s Second N100bn Sukuk on NSE The Debt Management Office on Tuesday listed the Federal Government of Nigeria’s second N100bn seven-year Sukuk on…