DMO Says Repayment Of N22.7trn Loan To Begin 2026   The repayments of principal to service the loans from the Central Bank of Nigeria (CBN) through the Ways and Means Advances will begin in four years. This was according to a disclosure by the Debt Management Office...

Nigeria’s Borrowing From World Bank Hit $14.34bn In Q1, 2023   Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023. This was an increase from the $13.93bn debt recorded by the Debt Management Office (DMO) as of December 31, 2022. This means that...

DMO Issues Fresh N360bn Bond   The Debt Management Office (DMO) has announced the issuance of four bonds of N90bn each. In a statement yesterday, the office said there are offers for subscription by auction and that it is authorised to receive applications for “N90bn with 13.98%,...

Loan Servicing Gulps N5.2tn as Public Debt Rises to N77tn The Debt Management Office has disclosed that Nigeria’s public debt burden may hit N77tn if the National Assembly approves the request by the President Muhammadu Buhari, to restructure the Ways and Means Advances. This was revealed by...

Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by...

Amid Fiscal Risks, Fed Govt Borrows N24trn From CBN   The Federal Government has borrowed N6.31tn from the Central Bank of Nigeria through Ways and Means Advances in 10 months. This has pushed the Federal Government’s borrowing from the CBN from N17.46tn in December 2021 to N23.77tn...