IMF Doubts Nigeria’s Capacity to Repay Debts The International Monetary Fund(IMF) has expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilize more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue...

We've Raised N90bn Towards 2018 Budget - DMO     The Debt Management Office on Thursday said it had raised N90bn towards the implementation of the 2018 budget. A statement issued by the office in Abuja said it conducted the fourth monthly FGN Bond auctions for the year...

In Three Years, Domestic Debt Servicing Gulps N3.72tn   The Federal Government has spent a total of N3.72tn to service local debts in the past three years, statistics available from the Debt Management Office have shown. According to latest statistics made available by the DMO, the Federal...

2017 Budget: N1.2tn Released For Capital Projects, Says DMO A total of N1.2tn was released between July and December 2017 to fund capital projects in the 2017 budget, the Debt Management Office said on Tuesday. In a statement made available to our correspondent in Abuja, the...

Nigeria spends 34% of revenue on debt servicing – DMO Nigeria spends 34 per cent of its revenues on debt servicing, the Debt Management Office has said. In a clarification on the country’s debt status entitled: ‘Nigeria’s Public Debt – Some Recurring Issues’, the DMO contradicted...

In a bid to achieve its objective of financial inclusion by attracting retail investors into the bond market, the Federal Government said it has generated a total of N6.69 billion through the monthly issuance of the FGN Savings Bond (FGNSB) which made its debut...