•Oniha In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m (N265.37bn), respectively, ...
The Debt Management Office of Nigeria has revealed that Nigeria’s public debt surged to N97.34trn ($108bn) as of the fourth quarter of 2023. DMO disclosed this in a statement made available to journalists today. Public debt is one of the ways for a country to get extra funds for economic development. This way, a country […]
•DG, Debt Management Office, Patience Oniha The Debt Management Office (DMO) has said that the Federal Government is seeking to raise N2.5 trillion in its second bond auction of the year. In a circular issued yesterday, DMO stated that the offerings consisted of N1.25 trillion with a maturity date of February 2031 and another N1.25 […]...