DEBT

The Debt Management Office (DMO) on Tuesday clarified media reports that claimed that the Federal Government of Nigeria had raised the sum of N2.129 trillion between January and February 2023 through the issuance of Domestic FGN Securities. The reports also alleged that government might exceed its domestic deficit funding requirement...

The Debt Management Office (DMO) has raised N615.557 billion through Sukuk for the rehabilitation and construction of new roads across the country in four years. The Director-General of DMO, Ms Patience Oniha, made this known in her presentation titled: "Nigeria Public Debt – Some Considerations," at the Capital Market Correspondents...

The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, will lead other market regulators to discuss the prospects of Nigeria's public debt at the 2022 annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN). The workshop scheduled to hold on December 3, 2022 at Orchid Hotels,...

The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented subscription of over N865 billion. Director-General of the DMO, Ms Patience Oniha made this known in a statement on Saturday. Oniha said that the massive response was an indication that the idea of growing...

  Low-income countries’ debt rose by 12 per cent to 860 billion dollars in 2020, the International Debt Statistics (IDS) 2022 report of the World Bank says. The report was released on Monday at the World Bank/International Monetary Fund (IMF) Annual Meetings in Washington. The report said that governments around...

  Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise 300 million dollars from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes.Ms Adenike Laoye, Group Head, Corporate Communications/Chief of Staff to the Group’s Chief Executive Officer, disclosed this in a notice posted...

Nigerian States and Federal Debt Stock data as of 31st December 2020 reflected that the country’s total public debt portfolio stood at N32.92 trillion, according to the National Bureau of Statistics (NBS). Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external while...

Following the due diligence process, FMDQ Securities Exchange Limited (FMDQ Exchange), through its Board Listings and Markets Committee has approved the quotation of the Total Nigeria PLC ₦2.25 billion Series 1 and ₦12.75 billion Series 2 Commercial Papers under its ₦30.00 billion CP Issuance Programme and the Mixta Real Estate...

  The Managing Director/ Chief Executive Officer, Skystone Capital & Investment Ltd., Mr Ola Olabinjo, has identified debt capital financing as the major solution to the country's infrastructure deficit. Olabinjo explained that the country's infrastructure deficit and needs cannot be addressed with yearly budgetary allocations. Speaking at a meeting in...

The debt of the Federal Government of Nigerian came to N24.52 trillion at the end of March, the Central Bank of Nigeria (CBN) said in its ‘Economy Monthly Report’ for May issued on Tuesday. It further stated that the Nigerian government posted a revenue shortfall of N561.71 billion in the...