DMO Restricts FG Borrowing To N1.9 Trillion   The Debt Management Office has set the maximum limit of $6.25bn (N1.906tn) for the Federal Government’s borrowing in the 2018 fiscal year. The DMO, in the 2017 Report of the Annual National Debt Sustainability Analysis released on Wednesday, said...

DMO DG: How FG’s Debt Strategy Boosts Liquidity For Real Sector ...Treasury Bills issuance reduced by half ...External borrowing boosts reserves by $6bn ...N830bn injected to local market   Going to the international capital market to borrow is a deliberate policy to help Nigeria boost its external reserves, reduce...

Debt: Power Distribution Firms Owe NBET N859bn   The indebtedness of power distribution companies to the Nigerian Bulk Electricity Trading Company has risen to N859bn. As a result, the NBET has accumulated a total debt of N325.784bn, which is meant for the payment of power produced by...

Nigeria Spends N643.6bn On Domestic Debt Servicing The Federal Government spent N643.6 billion on servicing the nation’s domestic debt for January to March, the Debt Management Office (DMO) said. In its Quarterly Debt Data for Quarter one (Q1), obtained from its website on Wednesday in Abuja,...

In 3Years, States Raise Domestic Debt By N1.64tn The resort to borrowing by the country to finance virtually everything has become worrisome to many analysts, with the state governments increasing their exposure to the foreign and domestic debt markets at will. The 36 states of the...

FG Offers Investors Fresh Savings Bonds The Federal Government, on Monday, offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and credit of the Federal Government and charged upon...