In 5 Months, FG Raised N5.58trn Via Saving Bonds To Fund 2022 Budget Deficit   To bridge the 2022 N6.26 trillion budget deficit, the federal government through the Debt Management Office (DMO) in the first five months of 2022 raised a total of N5.58 trillion through...

Fed Govt Debt Servicing Gulps N2.49trn In Nine Months – DMO   Nigeria spent N2.49tn on debt servicing payments in the first nine months of 2021, data obtained from the Debt Management Office have shown. Between January and March 2021, Nigeria spent N612.71bn on domestic debt servicing,...

Fed Govt November Bonds Oversubscribed By N117.15bn – DMO   The Federal Government’s bonds for November worth N150bn, which were auctioned on November 17, were oversubscribed by N117.15bn, the Debt Management Office has said. The DMO said the total subscription received from investors was N267.15bn, with only...

Fed Govt Uncomfortable Exceeding Borrowing Limit – Ahmed   The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government is very uncomfortable with the fact that it exceeded the borrowing threshold in the Fiscal Responsibility Act. Ahmed, who spoke at the ongoing...

FG Owes CBN N15.51trn, Borrows N14.86trn Under Buhari's Regime       The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown. The N15.51tn...

DMO -FG Borrows $300m From Nigerians Abroad The Federal Government borrowed $300m from Nigerians in the Diaspora before it secured the approval of the National Assembly, the Debt Management Office indicated on Wednesday. The DMO gave this indication in a response to an enquiry by a...