The Federal Government will seek to borrow $25.46bn from multilateral and bilateral development agencies, including the World Bank and the Islamic Development, between now and 2018. Other agencies the Federal Government will resort to for funds to complement the dwindling resources from oil and gas...

The Federal Government is planning to borrow N105bn ($345m) in local currency - denominated bonds at an auction on October 12, the Debt Management Office has said. The DMO said that it would raise N35bn each from debt maturing in 2021, 2026 and 2036, using...

Nigeria should be worried about the percentage of its revenue that goes into servicing of debts rather than the size of the debts, the World Bank has said. The World Bank Lead Economist for Nigeria, Mr. Khwima Nthara, said this in Washington, United States, while...

The country plans to raise between N250bn and N340bn ($794.91m -$1.08bn) in local currency-denominated bonds in the fourth quarter of this year, the Debt Management Office (DMO) has said. The debt office said it would auction between N90bn and N120bn worth of bonds maturing in...

The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO  showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015, the country’s total debt stood at...

Nigeria raised N121bn ($372.88m) in an auction of local-currency bonds on Wednesday, with yields higher across the board, according to briefs from the Debt Management Office. The debt office sold N15bn of 2021 paper at 15.14 per cent at Wednesday’s auction, compared with 15.08 per...