Nigeria’s IDA Debt Now $11.7bn - DMO       Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said. “IDA loans represent one of the most favourable borrowing options for countries like Nigeria and is also consistent with the Medium...

DMO Offers August Savings Bonds For Subscription To Investors       The Debt Management Office has opened the August savings bond offer to investors. The DMO said in a circular on Monday that it is offering the Federal Government’s two-year and three-year savings bonds. The circular posted on its...

Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration       Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This means that...

FG Spent 72% Of Revenue On Debt Servicing       The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt...

Fed Govt To Auction N150bn Bonds In July       The Debt Management Office, on Monday, disclosed that the Federal Government will offer N150bn bonds for subscription in July. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50bn...

In Six Years, Buhari Regime Has Borrowed $2.02bn From China       The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office on Monday showed. According to the statistics obtained from the DMO, Nigeria’s total debt from China as...