FG To Spend N250bn Sukuk On Abuja, Niger Delta Road Projects - DMO     The Debt Management Office says the proposed N250bn sukuk will be used to finance key economic road projects identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration, and...

Chinese Loan Rises By $330m In One Year, Now $3.59bn On 15 Projects   Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year. This is according to an analysis...

DMO Offers N250bn Sukuk For Subscription   The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. In a statement, DMO indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the Federal...

FG’s Capital Market Debt Servicing Gulps N2.18trn In 10 Months   Servicing of debts acquired through instruments issued by the Federal Government in the Nigeria capital market totaled N2.18tn as of October 30, an analysis of data by our correspondent has shown. Data from listed debt instruments...

Reps Okay FG $16.23bn, €1.020bn, Other Loans     The House of Representatives has approved the proposed federal government’s $16.23 billion, €1.020 billion and other loans for project financing under the external borrowing rolling plan. The loan was approved after receiving the report of the House Committee on...

Nigeria Mulls Return To Eurobond Market For Additional Borrowing   The Federal Government is considering a return to the Eurobonds market for the balance of its $6.1bn external borrowing after it successfully raised $4bn in September. The Director-General of the Debt Management Office, Mrs Patience Oniha, gave...