Top 5 Stories Of The Day | Nigeria's Public Debt Hits ₦142 Trillion

According to Patience Oniha, director general of the Debt Management Office (DMO), by the time President Muhammadu Buhari’s term expires in May, the new administration would have inherited roughly N77 trillion in debt. Oniha made these remarks while answering questions from reporters on Wednesday during a public presentation and breakdown of the highlights of the... Read More

Central Bank of Nigeria (CBN), Debt Management Office, Minister of Finance and National Planning, N77trillion debt, Patience Oniha, President Muhammadu Buhari, Ways and Means Advances, Zainab Ahmed

April 5, 2019

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The Big 5: Police dismiss inspector ‘for shooting and killing’ Kolade Johnson; Nigeria’s total debt now N24,39tn | Other top stories

Here are the stories you should be monitoring today: Police dismiss inspector for ‘shooting and killing’ Kolade Johnson The Nigerian Police have announced the dismissal of Ogunyemi Olalekan, an inspector, who the police said shot and killed a 36-year-old man, Kolade Johnson, in Lagos on Sunday. The Police also discharged and acquitted another officer, Godwin... Read More

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Adaku Ogbu-Aguocha, Debt Management Office, kingsley moghalu, Kolade Johnson, Lawrence Ezeh, Shooting and Killing kolade Johnson, The Big 5

August 30, 2018

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The Big 5: Ahead of PDP primaries, Saraki visits Jonathan; U.K. announces programme to raise 3 million poor Nigerians | More stories

These are the stories you should be monitoring today: British Prime Minister, Theresa May on Wednesday visited Lagos as part of her visit to Nigeria and tour of some African countries. At a business event in Lagos as part of activities for the visit, the British Minister of State for Africa, Harriett Baldwin on behalf of... Read More

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Bukola Saraki, Debt Management Office, Muhammadu Buhari, PDP, PIGB, Theresa May

November 16, 2016

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Opinion: The many dangers of senseless debts

by Jide Ojo It is no longer news that the country’s economy is in recession. Many Nigerians are cash-strapped. This is as a result of salaries and wages not being paid as and when due, low patronage being experienced by those in business due to high cost of goods and services, non-payment of debts owed... Read More

debt, Debt Management Office, FDI, government, nigeria, President Muhammadu Buhari, recession

November 14, 2016

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Opinion: The anxiety over Buhari’s $29.9bn foreign loan

by Shittu Yunus Shittu After more than a year with the emergence of current administration of President Muhammadu Buhari, Nigerians are getting impatient and complaining that the change mantra is not translating into food on the table. Going by current realities, the Nigerian economy does not only require technical economic recovery plans but also urgent... Read More

Debt management, Debt Management Office, Dr. Abraham Nwankwo, Foreign loans, olusegun obasanjo, Prof. Akpan Ekpo\, West African Institute of Financial and Economic Management

September 21, 2016

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N4.17trn: How much Nigeria has borrowed in a year

Statistics from the Debt Management Office (DMO) on Tuesday has shown that Nigeria’s debt has risen from N12.12tn in June 2015 to N16.29tn as of June 30, 2016, indicating a N4.17tn increase. The document from the DMO also showed that external debt by the federal and state governments stood at $11.26bn or N3.19tn as of June 30, 2016 as... Read More

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Debt Management Office, debts, DMO, domestic debts, N4.27tn, Nigeria's debt

August 9, 2016

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Nigeria set to raise $1bn from international capital market

The Debt Management Office, DMO, has disclosed that the Federal Government has started plans to raise $1 billion from International Capital Market in 2016. It said the $1billion sale is the first of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme that runs through 2018. The DMO is seeking to appoint two international banks... Read More

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$1.00 billion Eurobond, $1billion, Debt Management Office, DMO, Federal Government, Federal Government Medium Term Note

May 19, 2015

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This is the staggering amount FG borrowed under Jonathan’s government

by James Sambo President Goodluck Jonathan has been in charge of Nigeria’s affairs for a little over five years, and under his leadership, the Federal Government has borrowed N5,04tn from the domestic debt market. According to records at the Debt Management Office, the domestic debt of the Federal Government stood at N3,466,360,000,000 (N3.47tn) as of... Read More

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Debt Management Office, Domestic debt market, Federal Government, President Goodluck Jonathan

March 5, 2015

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Olusegun Adeniyi: Why fuel scarcity problem will not just go away

by Olusegun Adeniyi Against the background that pipelines are vital security assets of any nation, in most countries, tampering with them is almost akin to treason. But we are yet to come to terms with this critical challenge and for that reason, criminals are having a field day at our collective expense as a nation…... Read More

Debt Management Office, ngozi okonjo iweala, President Goodluck Jonathan

October 21, 2014

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@GovAyoFayose can lie o: See how we breakdown his comments about #Ekiti’s debt profile

by Tunji Andrews The nation Nigeria on Thursday, took another leap forward in achieving it’s democratic potential as Ayodele Fayose was sworn in as the 4th democratically elected Governor of Ekiti State at the Olu Kayode Stadium in Ado Ekiti. With so much to look forward to, the people of Ekiti looked on with hope... Read More

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Ayo Fayose, CBN, Debt Management Office, Ekiti State, Finance, Kayode Fayemi, nigeria