Cheap loans trap: Djibouti like Zambia is about to lose its port to China
…Analysts says China’s key seizure target is Nigeria Contrary to the position of Debt Management Office (DMO) that Nigeria goes for Chinese loans because of cheapness, a new report has revealed that some African countries are beginning to lose their…
We’re borrowing from China because of it’s cheapness—FG
Considering rising criticisms against the borrowing spree of the current government from China, the Debt Management Office (DMO) has argued that it borrows from China in order to take advantage of a cheaper source of finance. However, another reason given…
Obi voids FG claims, says debt at N22.7tr, economy now on life support
Contrary to the assurances of the federal government through the embattled Minister of Finance, Mrs. Kemi Adeosun and the Director General of Debt Management Office (DMO) that the economy is not at risk over the surging debt profile of N22.7tr,…
Anxiety as DMO lists N10.69bn FGN Sovereign Green Bond on NSE
The Nigerian Stock Exchange (NSE), weekend announced the listing of the N10.69 billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchange by Debt Management Office (DMO). The Sovereign Green Bond is part of a…
Deep pocket decisions on Nigerian economy last week ending June 30, 2018
The week in review kicked off penultimate Monday with the Federal Government, through the Debt Management Office (DMO), announcing it intends to raise up to USD2.8 billion (N899bn) in Eurobonds, as part of its plan to finance the 2018 budget,…
Deep-pocket business events that shaped economy last week ending June 23
The week in review started with seemingly bad news from the Debt Management Office (DMO), which revealed that Nigeria’s total public debt stock increased by 4.5% q/q in Q1-18 to NGN22.71 trillion with domestic debt accounting for 70.3% of total…
Can Nigeria survive additional borrowing of $46bn in funding railway dev?
The recent revelation by Minister of Information, Alhaji Lai Mohammed, that the President has given him approvals to borrow $46 billion from Russian Exim Bank and an undisclosed amount from India to complete the railway project has raised fears of…
Nigeria’s total debt profile jumps to N20.37tn in September—DMO
Figures rolled out by the Debt Management Office (DMO) have shown that the country’s total debt stock as of the end of September this year stood at N20.37tn. However, about N8tn debt grew within last two years of President Muhammadu…
Experts see reality in Moody’s sovereign rating of Nigeria, fault FG
The recent rejection of Moody’s Sovereign rating degrade from B1 to B2 with stable outlook by the federal government, has elicited reactions from industry experts who saw reality in the rating. It would be recalled that shortly after the new…
Imo, Lagos, 5 others borrowed more than 50% of their annual statutory—FRC
Against the provisions of the guidelines of the Debt Management Office (DMO) on sub-national borrowing, 23 states lead by Imo and Lagos states, have borrowed more than 50 per cent of their annual statutory allocations by 2015. This was revealed…
