DMO plans nationwide road show to drive N100bn Sukuk
The Debt Management Office (DMO), on Thursday announced plans to embark on a national road shows beginning with Lagos ahead of issuance of the much awaited N100bn non-interest bearing Sukuk bond. The road show is to create awareness about the…
FG’s sudden ceasefire on borrowing spree may have aided early recession exit—Expert
Leading development economist, Prof Ken Ife has traced the exit of the Nigerian economy from recession to the resolve of the federal government to look inwards in sourcing solution than engaging in borrowing spree. Speaking in an interview, he said…
Confusion as Lagos, oil states lead in foreign debts
Anxiety is brewing as some naturally rich states including Lagos and key oil producing states are named in the rank of states with domestic and foreign debt stock. Details gathered from the Debt Management Office (DMO), indicates that Lagos and…
W’Bank’s GE Prospects report links Nigeria’s debt servicing costs to 3 problems
Contrary to the claims by the federal government through the Debt Management Office (DMO) that rising debt profile is within sustainable limits, newly released Global Economic Prospects (GEP) report has identified three negative factors capable of making Nigeria’s debt unmanageable….
Nwankwo hands over to Patience Oniha as new DG of DMO
After two terms of five years of meritorious, but hectic service as Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo has handed over mantle of leadership to new DG, Mrs Patience Oniha. This followed her approval by the…
Nigeria finally floats $300m first ever Diaspora bond to drive capital projects
As part of efforts to grow seamless financing of capital projects, the federal government has rolled out the first ever Diaspora bond of $300 million to raise funds from Nigerians in the Diaspora. Senior Special Assistant to the President on…
States’ debt profile jumps to N2.9trn, Lagos, Delta, Akwa Ibom lead. Anambra lowest
Details form the Debt Management Office (DMO) has shown that as at December 31, 2016, the total domestic debt profile of the 36 states of the federation stood at N2.958 trillion Lagos State is leading the pack with about 10.5…
