DMO

SERAP Gives CBN 48 Hours To Reverse ATM Withdrawal Fee Increase

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s external debt

Emmanuel Ochayi

6 months ago

Business·Latest News

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

Strong Investor Interest in Latest Treasury Bills Auction The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has successfully raised a total of N284.26 billion, in its latest Nigerian

Emmanuel Ochayi

8 months ago

Business

Nigeria’s External Debt Is Now ₦49.85trn, Up From ₦46trn

The Debt Management Office says Nigeria’s total foreign debt for the period ending March 31st, 2023, stands at ₦49.85 trillion ($108.30 billion) from ₦46.25 trillion as of December 21st 2022. This was

Ifeanyi Ibeand

Admin

2 years 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

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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Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

Nigeria’s External Debt Is Now ₦49.85trn, Up From ₦46trn

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

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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