Experts Says Senate’s N22.7tn Loan Approval May Raise Bond Rates
The securitisation of the Central Bank of Nigeria’s N22.7tn Ways and Means advances to the Federal Government by the Senate may push the interest rates of future debt securities higher, capital market analysts have said.
The...
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...
