Nigerian foreign debt hits N6.76trn in Q2 –NBS The National Bureau of Statistics (NBS) has said Nigeria’s foreign debt stood at N6.76trillion ($22.08 billion) as at second quarter ended June 30, 2018. The apex statistical agency in its latest report said ‘Nigerian domestic and foreign debt’...

FG Explains Paris Club Refund to States The Federal Ministry of Finance has provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation. It will be recalled that the issue of Paris Club loan over-deduction had been a long...

Nigeria’s Total Public Debt stands at N22.38trn- Oniha The Debt Management Office (DMO) has revealed that the total public debt which encompasses the Domestic and External Debt Stock of the Federal and 36 State Governments and the Federal Capital Territory stood at N22.38 trillion as...

Investors oversubscribe FGN Bond Auction Investors oversubscribed the FGN Bond Auction for June 2018, held Wednesday, at which bonds in three tenors – five years, seven years and 10 years were offered. The Debt Management Office (DMO) said in a statement that investors bid for N66.7...

FG Records N50.45bn from Bonds Auction The Federal Government has recorded N50.45 billion from its May bonds auction, lower than the N70 billion it targeted to raise, the Debt Management Office (DMO), has said. According to the auction result obtained from the DMO website on Thursday...

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...