FG Raises N984.28bn Via Bonds In 4 Months, Amid 2022 Budget Deficit   Following the drive to raise local funds to finance the N6.26 trillion 2022 budget deficit, the federal government has borrowed a total of N984.28 billion through FGN bonds between January and April 2022,...

DMO Lists $4bn Eurobond On FMDQ Securities Exchange   The Debt Management Office (DMO) has listed the $4bn borrowed through Eurobond in September 2021 on the FMDQ Securities Exchange. This is in a bid to build investors’ confidence and also secure their investments. The DMO revealed on its...

Nigeria’s Debt Stock Hits N39.6trn In 11 months   The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that...

FG To Raise N471bn From Capital Market In First Quarter   The Federal Government plans to raise about N471 billion in new debt capital from the domestic capital market this quarter as the government begins fund raising to bridge 2022 budget deficit of about N6.39 trillion. Provisional...

Fed Govt Implementing Reforms To Attract More Investments – DMO   The Debt Management Office has said the Federal Government is implementing several reforms to attract more investments into the country. The Director-General, DMO, Ms Patience Oniha, said this during the third edition of Coronation Merchant Bank’s...

Reps Okay Fresh $5.8bn Loan, $10m Grant For Fed Govt   The House of Representatives, on Tuesday, approved external borrowings totaling $5,803,364,553.50 and a grant of $10,000,000 for the Federal Government as part of the proposed 2018–2020 External Borrowing (Rolling) Plan No.3. The approval followed the adoption...