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DMO

Amid options in equity, idle assets, DMO defends borrowing, as debt rises to N39.6trn

DESPITE having options of attracting fundings from equity and sale of idle national assets, the Debt Management Office (DMO) has kept defending its borrowing...

Nigeria’s crude oil stolen, sabotaged in five years will construct 138 PHCs for each 774 LGAs

THE volume of crude oil lost to thefts and sabotaged in the country between 2016 and 2020 can provide emergency medical helicopters for Nigerians,...

FG’s borrowing is for the benefit of Nigeria –Senate

THE Nigerian Senate has shown its support for the most recent loan of $4.054bn and €710m ($839m) request by President Muhammadu Buhari. The Chairman of...
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Each Nigerian owes N157,906 as debt stock rises to N33.1trn

EVERY Nigerian currently owes about N157,906.30 in terms of debt per capita as the country’s total public debt hits N33.1 trillion at the end...

Borrowing spree, debt service cost expose Nigeria’s precarious financial situation

NIGERIA'S Senate, last week, approved the sums of $1.5 billion and €995 million as external loans for the federal and state governments to fund...

Nigeria was not completely debt free in 2007, as claimed by Atiku Abubakar

FORMER Vice President, Atiku Abubakar, on Friday, stated that Nigeria experienced an unprecedented economic boom with a 6 per cent annual growth and paid...
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Nigeria’s debt hits N31trn as DMO says it expects debt stock to grow

THE Debt Management Office (DMO) in a report released on Wednesday says Nigeria’s total public debt stock is now N31.009 trillion ($85.897 Billion) as...

FG bond allotment rate drops significantly in February- DMO

THE February 2020 Federal Government bond allotment by the Debt Management Office (DMO) recorded a significant decline compared to the January bond auction. A statement...

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Kenya: William Ruto wins presidential election amid controversy

KENYA'S Independent Electoral and Boundaries Commission (IEBC) has declared candidate of the United Democratic Alliance (UDA), Deputy President William...

Pro-Health policy journalism fellowship offers reporting grants

GATEFIELD Impact is accepting applications for its inaugural Pro-Health Policy Journalism Fellowship.  The program will provide participants with the skills necessary to...

Cost of lending to rise as inflation surges to 19.64% in July

CONSUMERS in Nigeria would likely be paying more for goods as inflation surges to 19.64 per cent in July,...

Osun fixes local council elections for October 15

THE Osun State Independent Electoral Commission (OSIEC) has fixed October 15 for local government elections in across the state. The...

Kidnap kingpin, Wadume sentenced to seven years imprisonment

A KIDNAP kingpin, Hamisu Bala, also known as Wadume, has been convicted and sentenced to seven years imprisonment without...
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