Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office,
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Nigeria is losing investors to G-7 securities – United States, Germany, France, Japan – as creditors avoid underdeveloped and developing countries to protect their investment. According to Director-General of the Debt Management Office
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The Debt Management Office (DMO) has refuted claims that Nigeria plans to restructure its debt, stating that the Finance Minister of the country, Zainab Ahmed, was misquoted. Bloomberg had reported that Ahmed
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The Director- General of Debt Management Office (DMO), Patience Oniha, has defended Nigerian government’s debt during a presentation at the Executive Course on Budgeting and Fiscal Transparency, in Abuja. Oniha said loans obtained
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The Debt Management Office (DMO) said petrol subsidy is reducing Nigeria’s revenue and increasing Nigeria’s debt, which rose from N39.56 trillion recorded at the end of December 2021, to N41.6 trillion at
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Director-General of Debt Management Office (DMO), Patience Oniha, said investing in bonds offered by the Federal Government of Nigeria is more profitable compared to saving with Nigerian banks, as FG slashes investment
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The 36 states in Nigeria, including the federal capital territory, Abuja, have a domestic debt profile of N4.84 trillion as at the end of first quarter 2022, rising from the N4.46 trillion
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Nigerians now owe over N200,000 to both domestic and foreign creditors due to the rising public debt of the Federal and State governments, which rose to N41.60 trillion in the First Quarter
More The Debt Management Office has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. The agency explained that the bonds are valued at N1,000
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The Debt Management Office (DMO) has disclosed that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. The DMO explained that Nigeria has a
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