FG To Convert N10trn CBN Financing To 30-year Debt     The Federal Government has set the terms for the conversion of its stock of Central Bank of Nigeria (CBN) overdrafts into long-term notes in a bid to create transparency around its dependence on that source of...

Fed Govt’s February Bonds Oversubscribed By N39.51bn – DMO       The Federal Government’s bonds for February worth N150bn which were auctioned on Wednesday were oversubscribed by N39.51bn, the Debt Management Office, said on its website. The total subscription received from investors for the bonds was N189.51bn, comprising...

FG To Redeem Debts Owed States With Over N31.4bn       The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts. The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them...

Fed Govt Plans More Borrowing From Domestic Sources       The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023. The strategy allows the government to borrow more from domestic sources. The Debt Management...

Fed Govt’s January Bonds Oversubscribed By N88.28bn       The Federal Government’s bonds for January worth N150bn which were auctioned on Wednesday were oversubscribed by N88.28bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N238.28bn, comprising of N91.84bn...

Nigeria Owes Domestic Investors N15.8trn         The Federal Government is owing N15.85 trillion in domestic debts, with almost three-quarters of the debts due to bondholders. The fixed-return debts place obligation on the government to make regular interest or coupon payment and redemption as at when due. The latest...