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...

Nigeria’s Debt Hits N38trn, Rises By N2.54trn In Three Months - DMO   The Debt Management Office on Tuesday disclosed that Nigeria’s public debt was N38.005tn as of the end of the third quarter of 2021. In a press statement titled, ‘DMO publishes total public debt for...

DMO To Issue N250bn Sukuk For Road Projects   The Debt Management Office says it is set to issue another sovereign sukuk this year for an expected amount of N200bn to N250bn to finance critical road projects across the country. It disclosed this in a statement on...

Nigeria’s Debt Service To Revenue High – AfDB President   President of the African Development Bank (AfDB), Akinwumi Adesina has said Nigeria’s debt service to revenue ratio is high. Adesina who made the disclosure yesterday at the opening of a two-day mid-term ministerial performance review retreat in...

FG Lists Fresh Savings Bonds On NGX           The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange (NGX) Limited, paving the way for investors to trade on the bonds issued in September 2021. The Debt Management Office (DMO),...

Nigeria Spent N445bn On Debt Servicing In Q2, Debts Hit N35trn           Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From April to June 2021, Nigeria spent N322.7bn on domestic...