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...

DMO Faults Reps, Says Lawmakers Approved $3.18bn Chinese Loans   The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved by the National Assembly. The House of Representatives had on...

FG Commences Sale Of N150bn Sukuk Bond   The Federal Government on Thursday commenced the sale of N150bn seven-year Sukuk bond offer meant for the development of road infrastructure in different parts of the country. The Debt Management Office disclosed this on its website adding that the...

FG May Bonds Oversubscribed By N365.18bn   The Federal Government’s bonds for the month of May worth N60bn, which were auctioned on Wednesday were oversubscribed by N365.18bn, the Debt Management Office disclosed on its website on Wednesday. The total subscription received from investors for the bonds was...