We’re Not Seeking Debt Relief From Creditors – Fed Govt     The federal government has said it is not seeking any debt relief from its creditors despite the widely reported calls for debt relief for middle and low-income countries that are currently experiencing capital flight and...

DMO Explains $3.121bn Chinese Loans     The Debt Management Office, DMO, said yesterday that the total borrowing by Nigeria from China was $3.121 billion (N1,126.68 billion at USD/N361), as at March 31, this year. This amount, it explained, in a statement, was only 3.94% of Nigeria’s total...

FG’s N150bn Sukuk Records N669.12bn Subscription     Nigeria’s N150 billion third sovereign Sukuk issuance recorded oversubscription of N519.12 billion, sustaining a trend of oversubscription that started with the maiden issuance 2017. The Debt Management Office (DMO), which oversees debt issuance by the Federal Government, at the weekend...

Fed Govt To Auction N150bn Bonds   The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17. A circular by the DMO on Tuesday showed that a N40bn five-year reopening bond maturing in April 2023 would be...

Why We Are Increasing Borrowing - FG   The Federal Government has said that it was increasing its borrowing in the year because of the effects of coronavirus on the nation’s revenue profile. It also anchored the increased borrowing on unexpected spending on healthcare in a bid...

Nigeria’s Budget Deficit Now N4.5trn   The Debt Management Office has put the deficit financing of the revised N10.509trn 2020 budget proposal at N4.563trn. The subsisting 2020 Appropriation Act, passed last December, had a total expenditure of N10.594trn and a deficit of N2.175trn. National Assembly committees begin consideration...