Tuesday, February 16, 2021



Nigeria not ceding sovereignty to China due to excessive borrowing, says expert

Dr Efem Ubi, Director of Research, Nigerian Institute of International Affairs, says the allegation by critics that Nigeria is gradually ceding her sovereignty to China on account of excessive borrowing is untrue.

BREAKING: Nigeria’s debt profile hits ₦32.2trn

The Debt Management Office, DMO, has disclosed that Nigeria’s debt profile has risen to ₦32.223 trillion as at September 2020.

BREAKING: Nigerian govt releases ₦995.7bn for 2020 capital projects

Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the sum of ₦995.665 billion has so far been released for capital expenditure, to implement the 2020 revised budget.

Nigeria’s budget deficit rises to N4.5trn – DMO

The Director-General of the Debt Management Office, DMO, Patience Oniha, on Monday said that Nigeria’s budget deficit has risen from N1.847 trillion to N4.563 trillion.

Nigerian govt earmarks N150bn for 44 highway projects – Minister

The federal government will spend the N150 billion Sukuk bonds being issued by the Debt Management Office, DMO, in financing 44 ongoing highway projects across the country.

Savings bonds: Nigerian govt auctions N656,577m to 288 subscribers in February — DMO

The Federal Government says it allotted N656.5 million to 288 subscribers at its February savings bond auction on Wednesday.

Nigeria’s debt profile still at N25.7trn – DMO

The Debt Management Office, DMO, says that Nigerian’s total debt profile is N25.7 trillion.

Nigerian govt to auction N150bn bonds September 25 — DMO

The Federal Government has offered for subscription by auction N150 billion worth of bonds in its September 25 auction, the Debt Management Office, DMO, said.

Debt Management Office opens September savings bond offer

The Debt Management Office, DMO, says that the September savings bonds’ offer of the Federal Government has opened for transactions.

July bond auction gets 207% subscription level – DMO

The Debt Management Office, DMO says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02...

N145bn worth of bonds to be auctioned July 24 – DMO

The Debt Management Office, DMO says Federal Government has offered to auction N145 billion worth of bonds in July 24. The offer circular obtained from...

Nigeria’s debt profile rises to N25tn – DMO

Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019, according to a release on Wednesday by the Debt Management Office, DMO.

Nigerian govt to auction N150bn bonds on January 30

The Debt Management Office, DMO, says the Federal Government is to auction by subscription N150 billion worth of bonds on Jan. 30. The DMO said...

Nigeria’s Islamic bond, Sukuk, oversubscribed, receives N132bn for N100bn offer

The Federal Government received over N132 billion subscriptions from 2,073 investors for its N100 billion 7-year 15.74 per cent Sukuk offer, the Debt Management...

Nigerian gov’t issues N100bn sovereign sukuk at 15.7%

The Federal Government has begun the sale of its second tranche 7-year N100 billion sovereign sukuk, the Debt Management Office, DMO, said on Thursday. The...

Nigeria makes N90bn from bonds in April auction

The auction result obtained from DMO’s website said it sold N12.75 billion in seven-year bonds at 13.53 per cent and N38.96 billion 10-year bond at 13.98 per cent.

Nigeria floats $2.5 billion dual Eurobonds

The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme. A statement obtained from the website of Debt...

Nigeiran govt rakes in N196.3m from savings bond in January – DMO

The Federal Government said it made N196.3 million from sales of savings bond in January. This is according to the Debt Management Office, DMO. The results...

DMO raises N1.2trn from domestic market for capital projects in 2017 budget

The Debt Management Office, DMO, has said in line with its statutory mandate of funding federal budgets, it raised N1.2 trillion to fund the...

Nigeria’s public debt stock stands at N20.373trn – DMO

Nigeria’s Total Public Debt Stock released by the Debt Management Office, DMO, has revealed that the Total Public Debt Stock comprising the Federal Government, States and...

Nigerian government raises N110bn bonds

At an auction on Wednesday, the federal government raised N110 billion worth of bonds to mature in 2021, 2027 and 2037. The bond obtained from...

Nigeria to issue Islamic financial bond, ‘sukuk’

Islamic finance received a boost in Nigeria, with the Securities and Exchange Commission and Debt Management Office reaching agreement to issue country’s maiden sovereign...

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