Tag: DMO
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FG reopens 4 bonds valued at N360bn for auction
The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction. Announcing the bond auction, the DMO listed the first offer as a Feberuary 2028 FGN bond, valued
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JUST IN: Gombe Govt denies N432bn debt profile
Gombe State Commissioner of Finance and Economic Development, Mr Muhammad Magaji has denied the State owes over N432 billion in debts.
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Debt sustainability: We deploy tools, strategies on borrowing-DMO
The Debt Management Office (DMO), says it deploys certain economic tools and strategies in contracting loans for the Federal Government to ensure debt sustainability. The Director-General of DMO, Patience Oniha said this in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja. Oniha spoke against the backdrop of a recent workshop…
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Reps committee grills DMO over N3.3 trillion domestic debt
The House of Representatives Committee on Aids, Loans and Debt Management on Monday grilled the Director-General, Debt Management Office (DMO), Ms Patience Oniha, over rise in domestic debts totalling N3.3 trillion in 2023.
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Nigeria’s woes compound as public debt stock hits N42 trillion
The Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars) by June.
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Bayelsa spends N3.52bn on debt service to commercial banks in May
The Bayelsa government on Friday said it spent N3.52 billion on servicing its loan obligations to commercial banks for the month of May.
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Nigeria’s public debt shoots to N39 trillion
The Debt Management Office (DMO), says Nigeria’s public debt as at December, 2021 is N39.55 trillion.
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DMO’s January bond auction receives N300bn over subscription
The Debt Management Office (DMO) says its just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. DMO, which made this known in a statement on Thursday, stated that the auction received a total of 160 bids. It revealed some minor adjustments in the bonds offer during the auction. “Our FGN bond…
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$3.5bn loan: DMO allays fears over possible takeover of critical national assets by Chinese Government
The Debt Management Office
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Why there is increased borrowing since 2015 – FG
The federal government has said the increased level of borrowing since 2015 was due to the collapse in revenues from crude oil. TheNewsGuru.com (TNG) reports Patience Oniha, Director General of the Debt Management Office (DMO), Nigeria made this known on Wednesday. She stated that the level of new borrowing started trending downwards from 2018 up…