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Business FG Begins Plans To Borrow N1.8trn, Shortlists Banks For $1bn Eurobond Sale
The Debt Management Office (DMO) has a short list of banks to manage its planned $1 billion Eurobond sale, Reuters quoted an official of the debt office to have said. The Eurobond is part of Nigeria’s plans to borrow a total of N1.8 trillion ($5.8 billion) from abroad and at home to fund an...- ProfRem
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Business Debt Management Office Set Limit for Buhari's Borrowing Plan
The Debt Management Office has fixed the maximum limit for President Muhammadu Buhari-led federal government’s domestic and external borrowing at 22.08 billion dollars for the 2017 fiscal year. This is part of policy recommendations of the Debt Management Office contained in its 2016 report of...- ProfRem
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Business Nigeria: Do Not Borrow Above $22.08bn in 2017 – DMO Tells Buhari
The Debt Management Office (DMO) has advised the President Muhammadu Buhari-led Federal Government not to borrow above 22.08 billion dollars in 2017. DMO gave the recommendation in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News Agency of Nigeria. In the report, DMO...- ProfRem
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Metro Nigeria: Debt Management Office Names 3 Most Indebted States [LIST]
According to statistics from the Debt Management Office in Abuja on Wednesday, the 36 states of the federation and the Federal Capital Territory owe $3.65bn in foreign debts as against the $7.61bn owed by the Federal Government as of June 30, 2016; bringing the country’s total foreign debt to...- kemi
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Business Nigeria’s Debt Rises By N4.17tn Under President Buhari
The country’s debt profile has risen by 4.17 trillion naira representing 34.41 percent under President Muhammadu Buhari, data released by the Debt Management Office revealed. The data showed that within the one-year period (July 2015 to June 2016), the country’s total debt rose by N4.17tn, or...- ProfRem
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Business Nigeria to Sell N110Bn Worth of Bonds
The Debt Management Office (DMO) says it will raise N110 billion worth of bonds in three categories on August 17, its first foray into the market since 2013. The DMO said this in its August “Bond Circular” posted on its website on Wednesday. According to the DMO, the three categories of bonds...- ProfRem
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