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...

FG Borrowed N2.94trn From Debt Market In 11 Months     The federal government between January and November of 2022 borrowed a sum of N2.94trillion through FGN Bond Market to finance the 2022 budget deficit, bond auction results released by the Debt Management Office (DMO) has revealed. This...

DMO Cautions FG, Says Nigeria Can’t Survive With Endless Debt The Debt Management Office has revealed that it has been challenging for Nigeria to borrow from the international markets because global creditors and investors are shunning countries with Category ‘B’ economic ratings. In a statement by...

FG Seeks N225bn In New Bond Auction   The Federal Government will today conduct its regular monthly bond auction with a target to raise N225 billion to further bridge its budget deficit. The Debt Management Office (DMO), which oversees government’s bond issuances and general debt management, would...

'Next Govt To Inherit $716m Judgment Debts'     The Presidency of Muhammadu Buhari may pass on at least $715.86m judgment debts to the next administration. The judgment debts were listed as 18 promissory notes in a document titled, ‘Schedule of Promissory Notes Issued by Category as at...

FG Raised N2.44trn Via Bonds To Bridge Budget Deficit In 9 Months     The Federal Government in nine months of 2022 raised a sum of N2.44 trillion through the FGN bond market to finance N6.26trillion 2022 budget deficit, the Debt Management Office (DMO) FGN Bond auction...