Tag: Patience Oniha
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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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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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Buhari retains Oniha as DG Debt Management Office
President Muhammadu Buhari has retained the services of the current Director General (DG), Debt Management Office (DMO), Patience Oniha. The President gave the approval of the renewal her appointment on Thursday for a second term of 5 years in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003. A statement…
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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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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…
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FG floats N100bn 2nd tranche Sukuk bond in December
Ms Patience Oniha, Director-General, the Debt Management Office (DMO), on Thursday expressed optimism that the second tranche of N100 billion sukuk bond would be floated before the end of 2018. Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.…