In Six Months, Nigeria's Debt Servicing Gulped N2.34trn - DMO The Debt Management Office (DMO) says Nigeria spent N2.34 trillion on debt service within six month of 2023. DMO disclosed this in its latest data on the country’s debt profile. Meanwhile, the figure marked a 43.04 per...

W/Bank Delays $8.6bn Loan To Nigeria, Report Says   Nigeria has about $8.25bn undisbursed World Bank loan as of July 2023. This was based on data obtained from the Summary Statement of Loans/Credit/Grants on the website of the World Bank. A breakdown further showed that the undisbursed loans...

N406bn Treasury Bills Sold in July, Says DMO The Debt Management Office sold treasury bills valued at N406.10bn across its auctions in July 2023. This represented a 0.39 per cent (N1.59bn) month-on-month increase in the value of T-bills sold across its auctions in June which stood...

How Pension Funds’ Investment In Equities Rose To N1.4trn In Q1, 2023   The Net Asset Value, NAV, of Pension Fund Administrators (PFAs) investments in equities has risen by 36.6 % to N1.460 trillion at the end of first half 2023, HI’23, from N1.069 trillion in...

FG Raises N4.46trn Bonds To Bridge Budget Deficit   As the federal government intensified borrowing from local investors to bridge the 2023 budget deficit, the government through the Debt Management Office (DMO) raised a total of N4.46 trillion from the bond market in eight months of...

FG To Settle N187.32bn Contractors’ Debt This Year   The administration of President Bola Tinubu will likely spend about N187.32bn to settle debts owed to local contractors this year. The debts were listed as promissory notes in a document titled, ‘Schedule of promissory notes issued by category...