Tag: DMO
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BREAKING: Nigeria’s public debt stock hits N31 trillion in 3 months
The total public debt stock of Nigeria has risen by 8.3% to N31.009 trillion or $85.897 billion as at June 30, 2020 from N28.628 trillion in March 2020. TheNewsGuru.com (TNG) reports the Debt Management Office (DMO) made this known in a statement it published on Wednesday. According to the DMO, the figure comprised the total…
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DMO vows to sack any staff who leaks official document
The Debt Management Office (DMO) has vowed to deal with any of its staff responsible for leaking official documents. According to a statement issued Saturday evening, the DMO said it “will brief relevant security agencies in the country to thoroughly investigate the sources of the documents”. The reason for involving security agencies, the DMO said,…
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Nigeria’s budget deficit hits N4.5 trillion – DMO
Nigeria’s budget deficit has risen from N1.847 trillion to N4.563 trillion, it was learnt on Monday. The deficit figure captured in the original 2020 budget before its downward review was N1.847 trillion. It has gone up N4.563 trillion in the revised appropriation now awaiting National Assembly consideration and approval. The Director-General of the Debt Management…
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Nigeria’s Debt Rises to N27.4trn
Latest figures released by the Debt Management Office (DMO) showed that adjusted to periodical rates, Nigeria’s total debt stood at N27.4 trillion as at December 2019. The latest debt statistics, which were released by the debt office on Wednesday, indicated a 5 percent increase compared to September 2019 figures, which put Nigeria’s total debt profile…
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Nigeria public debt stands at N26.2 trillion – DMO
The Debt Management Office (DMO) says the total public debt as at September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha, made this known during a presentation of Public Debt Data as at September 30, 2019 in Abuja on Friday. Oniha explained that the debt comprised the Federal Government and 36…
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Nigeria’s Debt to GDP Ratio Drops to 18.99% – DMO
The Debt Management Office (DMO) has disclosed that the debt stock to Gross Domestic Product (GDP) of Nigeria reduced to 18.99 percent as at June 30, 2019 from 19.09 percent as at December 31, 2018. The agency made this disclosure while rolling out the Medium–Term External Borrowing Plan of the federal government, which is meant…
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Finance Minister counters DMO, says Nigeria’s debt more than N25.7tn
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday said there are debts owed by states and government enterprises that have not been captured in the N25.7 trillion recently declared as total national debt. Ahmed made this known during a panel discussion on Debt Transparency at the ongoing World Bank/IMF Annual Meetings…
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Nigeria’s debt hits N25.7trn – DMO
Nigeria’s total public debt increased by to N25.7 trillion as at the end of June 2019 from N22.38 trillion as of June 2018, the Debt Management Office (DMO) said yesterday. This means that the country’s debt increased by N3.32 trillion in one year. The debt stock, the DMO said, is made up of N8.32 trillion…
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September bond auction raises N146.6 bn for FG – DMO
The Debt Management Office (DMO) says it raised N146.6 billion for the N150 billion offered for three instruments in the September bond auction. DMO in a statement said the auction took place on Wednesday in Abuja. The office said that it received N207.5 billion in subscriptions for the three instruments of five, 10 and 30-year…
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Nigeria’s total debt stock rise to N24.9 tn in Q1, 2019
Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at Dec. 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said. A statement issued by the office on Wednesday in Abuja, said that the debt stock comprises of domestic and external debts of the…