Debt Management Office

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

In a revealing fireside chat at the 2023 Annual Business Summit of the Capital Market Solicitors Association (CMSA), the Director General of the Debt Management Office (DMO) in Nigeria, Ms. Patience Oniha,

Emmanuel Ochayi

1 year ago

Business

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

The Debt Management Office (DMO) said Nigeria’s rising debt profile is due to the increase in the government’s budget deficits and inability to grow revenue. According to the Director-General of DMO, Patience

Fakoyejo Olalekan

2 years ago

Business

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

The Debt Management Office (DMO) has reacted to claims that Nigeria has been unable to meet its debt obligations to the Chinese government. DMO said reports circulated that the Federal Government defaulted

Fakoyejo Olalekan

2 years ago

Business

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government. Oniha said despite not

Fakoyejo Olalekan

2 years ago

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

Business

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office,

Fakoyejo Olalekan

2 years ago

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

5,000 Entities Owe Buhari Govt N5.2 trillion

The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of

Fakoyejo Olalekan

2 years ago

Stop Increasing Debt – Nigeria's Debt Office Says To Pres. Buhari

Business·Latest News·Top Stories

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

The Debt Management Office (DMO) has advised President Muhammadu Buhari’s administration to focus on increasing revenue rather than piling up debt that has risen to N42.84 trillion ($103.31 billion) at the end

Fakoyejo Olalekan

2 years ago

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

Nigeria is losing investors to G-7 securities – United States, Germany, France, Japan – as creditors avoid underdeveloped and developing countries to protect their investment. According to Director-General of the Debt Management Office

Fakoyejo Olalekan

2 years ago

Business

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

The Debt Management Office (DMO) has refuted claims that Nigeria plans to restructure its debt, stating that the Finance Minister of the country, Zainab Ahmed, was misquoted. Bloomberg had reported that Ahmed

Fakoyejo Olalekan

2 years ago

Business

Nigeria’s Debt Office Defends Rising Debt Under Pres. Buhari

The Director- General of Debt Management Office (DMO), Patience Oniha, has defended Nigerian government’s debt during a presentation at the Executive Course on Budgeting and Fiscal Transparency, in Abuja. Oniha said loans obtained

Fakoyejo Olalekan

2 years ago

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DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

5,000 Entities Owe Buhari Govt N5.2 trillion

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

Nigeria’s Debt Office Defends Rising Debt Under Pres. Buhari

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