Economy still at risk as domestic debt service overshoots quarterly revenue
Facts from latest report from the Debt Management Office (DMO) have shown that Domestic debt servicing gulps N609.13b in Q1, a strong indication that the entire economy is still at risk of instability. Otherwise, the Federal Government has spent N609.135…
Between CBN’s caution on rising debt and planned $30bn new loan
Before the latest Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Friday, January 24, 2020, every executive official of the Federal Government including Ministers, had been claiming that Nigeria’s debt profile is still within manageable…
What if the declining FAAC allocation continues upon jumping debt profile?
Taking a cursory look at the observed flow of the ‘Abuja Monthly Handouts’ to the three tiers of government in Nigeria in the last two months; September and October, there is declining trend in amounts so shared out. Otherwise, the…
DMO floats series II of FGN ₦15bn 7-Year Green Bond on NSE
The Nigerian Stock Exchange (NSE) Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list, by Debt Management Office (DMO). The 7-year Green bond issued at coupon rate of 14.50% on…
Avoid domestic borrowing to escape killer servicing bills—Nwankwo, ex-DMO DG
Even as the Federal Government and the current leadership at the Debt Management office (DMO) continue to insist that Nigeria’s debt profile is yet to hit alarming height, former Director General of the Office, Dr Abraham Nwankwo has given fresh…
Appealing digital products best for financially excluded Nigerians—Jalo-Waziri
…As DMO seeks literacy advocacy for the grassroots’ More expert views are still coming in to drive financial inclusion ahead of target year of 2020 when the country is expected to be on the pedestal of full financial inclusion in…
2019 budget: FG’s plan to borrow N1.6tn may crowd out SMEs’ from banks
Strong indications have emerged revealing that contrary to the target of the Monetary Policy Committee (MPC), who voted to cut MPR from 14 to 13.5 per cent is to improve banks’ capabilities to give credit to Small and Medium Enterprises…
2019: FG targets Next Level of borrowing to rebalance foreign, local debts ratio
Fresh revelations from the Federal Government’s Strategic Debt Management Plan 2018 – 2022 sighted by Business Hilights Abuja Bureau Chief has disclosed that the apex government plans to borrow more from foreign sources in 2019 in order to rebalance the…
True position of federal, states debts profiles between former, present govts
By Emmanuel Olorunmagba The Vice President was right when he stated that Nigerian Debt profile as of today stands at $73 Billion, inheriting $63 Billion from previous administration and partly right when he said they borrowed only $10 Billion in…
Nigeria missing in W’Bank, IMF fastest growing economies in Africa 2018
…As States debt profiles become mind-boggling Latest World Bank and International Monetary Fund (IMF) ranking on Africa’s fastest growing economies 2018 has shown that Nigeria has left top ten contenders to hide at number 41. This is as Anambra State…
