FG To Auction Fourth N360bn Savings Bond in 2023 - DMO The Debt Management Office (DMO) has called for a subscription for a new N360bn savings bond. The DMO in a statement yesterday stated that it is receiving the subscription by auction and called for applications...

DMO Says Nigeria Has Not Defaulted In Repaying Chinese Loans   The Debt Management Office (DMO) has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement yesterday hailed the judgement that ordered...

Buhari's Huge Parting Debt Profile By Eric Teniola The outgoing President, Muhammadu Buhari GCFR has made sure he is leaving a huge debt profile of eighty trillion naira when he leaves THE VILLA on Monday, May 29. Well, well, well. While he will be celebrating in...

Budget Deficits, Low Revenue To Blame For Rising Debts – DMO   The Debt Management Office (DMO) has said decades of operating budget deficits by successive governments were responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency...

Debt: Nigeria Defaults In Repayment To China, Penalties Stand At N41. 31bn   Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years. According to report by the Debt Management Office (DMO), the China debt stock...

NRC Debt Servicing Hit N111bn, Generates N12bn – Report The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two years while making only N11.61bn...