Debt Management Office
1 Apr
Zamfara State Governor, Dauda Lawal, has said that he has never approached the Debt Management Office (DMO) for any loans since the inception of his administration on May 29, 2023. “We want to make a clarification on the position of the Debt Management Office report that the Zamfara State government borrowed N14.26 billion,” Lawal said…
22 Mar
Nigeria’s public debt stock as at Dec. 31, 2023 was N97. 341 trillion (108.229 billion dollars), according to data released by the Debt Management Office (DMO) on Friday in Abuja.
20 Mar
The Debt Management Office (DMO) said it raised N475.67 billion from the March 2024 Federal Government (FGN) bond offer, slightly more than the N450 billion it had planned to raise.
2 Mar
Implementation of no fewer than 270 laws enacted by the National Assembly to remedy major ailments in the nation’s economy since 1999 have suffered frustration and sabotage due to failure by the lawmakers to strictly carry out their parliamentary oversight or supervision functions .
8 Jan
The Debt Management Office (DMO) listed two Federal Government of Nigeria savings bonds on Monday for subscription at N1,000 per unit.
28 Jul 2023
The Debt Management Office (DMO) has hailed the courage of President Bola Ahmed Tinubu in removing the controversial fuel subsidy, describing the scheme as a drain on the country’s resources
25 Jun 2023
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars).
15 May 2023
Nigeria’s external debt climbed from $2.1 billion after the country exited from the Paris and London clubs of creditors in 2006 to about $41.8 billion it currently stands.
14 May 2023
The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile.
5 May 2023
The Debt Management Office (DMO) says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency.
26 Apr 2023
The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is a positive development. According to a statement by the DMO in Abuja on Wednesday, this is contrary to media reports about the nature of World Bank loans to…
24 Apr 2023
There has been disquiet over a recent report alleging that Nigeria has defaulted on Chinese loan repayment and stands the risk of paying a penalty amounting to N41.31 billion.
Latest
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President Bola Tinubu has appointed a new board to oversee the affairs of the Securities and Exchange Commission (SEC). Tinubu announced the appointment of seven Nigerian professionals on Friday in a statement by presidency spokesman, Ajuri Ngelale. The SEC board has Mairiga Aliyu Katuka as Chairman; Emomotimi Agama is Director-General while Frana Chukwuogor is Executive…
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