Rivers, Lagos Lead As States Domestic Debts Hit N4.1trn   The total domestic debts for the 36 states of federation and the Federal Capital Territory stood at N4.1tn as of the end of March, 2020, the Debt Management Office has disclosed. According to the DMO, Lagos led...

FG Spends N609.134bn On Domestic Debt Servicing     The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management Office (DMO) released this figure yesterday in Abuja. According to the DMO, between January and March, 2020, the Federal Government...

Fed Govt Borrowed N1.54trn Through Bond Auctions In H1’20   The Federal Government borrowed N1.54 trillion from domestic investors through bond auctions conducted by the Debt Management Office (DMO) in the first half of the year (H1’2020). These include N1.37 trillion borrowed through the monthly FGN bond...

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...