Rivers, Lagos Lead as Public Debt Climbs to N33.1tn Nigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt Management Office...

FG Plans More Sukuk Bonds To Fund Projects       The Federal Government plans to upscale its alternative financing programme by issuing more Sukuk bonds to fund projects, building on the back of huge successes recorded on previous issuances. It had raised N362.6 billion in three previous issuances...

Fresh N2.34trn Loan Is For Capital Projects, Says DMO       The Debt Management Office on Tuesday said the request by President Muhammadu Buhari for the National Assembly’s approval for fresh N2.34tn loan was meant to provide funds for capital projects such as power, transport, agriculture and...

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

Fed Govt Offers May Savings Bonds For Subscription       The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors. The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription. According to the debt office,...

19 States Lack Automated IGR Collection System – Fed Govt       Only 17 states out of the 36 states of the federation have fully automated their Internally Generated Revenue collection systems, the Federal Government said on Thursday. This implies that 19 states lack automated IGR collection systems. The...