Fed Govt’s New Borrowings Rise By 278.03% In Six Years     The Federal Government’s thirst for debts appears to have deepened as new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021. This was disclosed in the presentation of the public debt data...

Fed Govt Incurs N950bn New Domestic Borrowing In Q1, 2022 The Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17 in the presentation of the Public...

Nigeria Mulls Return To Eurobond Market For Additional Borrowing   The Federal Government is considering a return to the Eurobonds market for the balance of its $6.1bn external borrowing after it successfully raised $4bn in September. The Director-General of the Debt Management Office, Mrs Patience Oniha, gave...

Nigeria’s Total Debt Now N35.4trn             Nigeria’s total Public Debt Stock (PDS) has reached N35.465 trillion as of June 30 this year, the Debt Management Office (DMO) has said. The Director-General of the Office, Patience Oniha revealed this on Wednesday in a virtual presentation. The latest...

FG Offers N150bn Long-term Bonds       The Federal Government will auction medium-to long-term bonds valued at N150 billion as part of government’s efforts to access debt capital from the domestic capital market to bridge declining revenues and restructure the general balance of the national debt stock The...

Our Debts'll Keep Rising, Revenues Declining – Fed Govt       The Federal Government has said it plans to borrow more to fund its budget for 2022, while it will spend more to service the growing debts as a result. The Ministry of Finance, Budget and National Planning,...