Nigeria Owes World Bank N3.96trn — DMO     Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown. An analysis...

Nigeria Borrowed N18.89trn Under Buhari's Regime – Report       Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday. This means that in the last five years under President Muhammadu Buhari, the country’s debt rose by...

Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO     The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at N31trn, indicating an increase of N2.38trn within a space of three months. Nigeria’s...

Nigerians’ Concerns Should Be How Loans Are Utilised - DMO Boss     The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing. She said rather than complaining about the nation’s debt profile, what should be of...

CBN Offers N197.6bn Treasury Bills Aug 27       The Central Bank of Nigeria (CBN) has announced an offer of N197.598 billion treasury bills of three tranches, accessible by August 27, 2020. The bills which will be offered through Dutch auction are for 91 day tenor, 182 days,...

Fed Govt’s August Bonds Oversubscribed By N92.23bn – DMO     The Federal Government’s bonds for the month of August worth N150bn, which were auctioned on Wednesday, were oversubscribed by N92.23bn, the Debt Management Office has said. The total subscription received for the bonds was N242.23bn, comprising of...