Tag: DMO
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Nigeria not in debt crisis for now —DMO
The Director-General of Nigeria’s Debt Management Office (DMO), Ms Patience Oniha, has allayed fears of some observers that the country was already in a debt crisis. However, the debt office boss admitted that the nation was not generating enough revenue to fund some critical operations, but stressed that Nigeria was still capable of servicing her…
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Fed Govt, states debts rise to $22b – DMO
The Debt Management Office (DMO) on Wednesday put Nigeria’s external debt stock at $22 billion. Out of the amount, the Federal Government’s quotient is $17.8 billion, while the combined debt portfolio by the states and the Federal Capital Territory (FCT) stands at $4.28 billion. Of the combined states’ figure, Lagos State, the commercial nerve-centre of…
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Lagos retains highest foreign debt portfolio – DMO
Lagos State, the commercial nerve-center of Nigeria, has retained its position as the state with the highest foreign debt in the country, with a foreign debt put at 1.45 billion dollars as at June 30. A document obtained from the Debt Management Office (DMO), on Wednesday in Abuja, titled: ‘States, Federal Capital Territory (FCT) and…
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Nigeria’s total Public Debt hits N22.38tr – DMO
The Debt Management Office (DMO) on Tuesday, disclosed that as at June 30, 2018, the nation’s Public Debt comprises Domestic and External Debt Stock of the Federal and 36 State Governments and the Federal Capital Territory, stood at N22.38 trillion or $73.21 billion. Addressing newsmen in Abuja, the debt office explained that this figure was…
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FG to auction N70bn bonds May 23
The Federal Government has offered for subscription by auction N70 billion worth of bonds in its May 23 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N20 billion of a five-year re-opening issue maturing in April 2023 at 12.75 per cent.…
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FG makes N64.06bn from bonds in March 21 auctions – DMO
The Federal Government allotted N64.06 billion bonds in its March auction, as against the N70 billion earlier planned, the Debt Management Office (DMO) said. The result of the auction obtained from the DMO website on Thursday in Abuja, showed that the debt office sold N10.05 billion in five-year bonds at 13.40 per cent, and N45.10…
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FG reduces exposure in domestic borrowing – DMO
The Debt Management Office (DMO) says the Federal Government is reducing its exposure in the domestic market to pave way for borrowings by corporate entities. Ms Patience Oniha, the DMO’s Director-General, told newsmen in Lagos that government had reduced its exposure in the bond market for corporate entities to raise funds. “We are reducing the…
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Fayose borrowed N56bn since 2014 – DMO
…Says N25bn still pending approval in 2017 The Debt Management Office (DMO) over the weekend released the debt profile of Ekiti State State Government under the leadership of Governor Ayodele Fayose. According to DMO, Fayose has borrowed a total sum of N56 billion since coming to power on October 16, 2014. In its latest bulletin…
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FG to float $2.5bn Eurobond for capital project before year end – DMO
The Debt Management Office (DMO) on Thursday said the Federal Government would float a Eurobond to raise 2.5 billion dollars before the end of 2017. The DMO Director-General, Patience Oniha, made this known at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos. Oniha said that…
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Federal Government MDAs’ owing N178bn outstanding loans – DMO
The Debt Management Office, DMO, has put the debts of ministries, departments and agencies, MDAs of the Federal Government at N178.09bn. In a report titled: ‘Federal Government On-Lent Loans to MDAs,’ the DMO disclosed that it raised the funds which were lent to various MDAs to carry out specific assignments in order to boost economic…