Nigeria can’t survive with endless borrowings, DMO warns
The Debt Management Office (DMO) has warned that Nigeria cannot survive with continued borrowing, just as it disclosed that it ...
Tag: DMO
DMO offers N225bn FG bonds for subscription
The Nigerian Debt Management Office (DMO) has offered three federal government of Nigeria bonds valued at N225 billion for subscription. ...
Amid growing debt, DMO advises FG to cut waste to reduce borrowing
The Debt Management Office (DMO) has advised the federal government to reduce its dependence on borrowings to finance budget deficits ...
Nigeria’s debt spikes to N42.8trn amid dwindling revenue
Nigeria’s total public debt stock has spiked from N41.60tn as of March 2022 to N42.84tn as of June of the ...
Lagos, Ogun, Rivers most indebted states in Nigeria in Q1 2022
Lagos, Ogun and Rivers State are the states with the highest debt profile in the country, according to the Debt ...
Nigeria’s public debt grows by N2.04trn to N41.6trn in Q1 2022 – DMO
Nigeria's total debt stock rose to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December ...
DMO auctions three new N225 billion FGN bonds
The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for ...
FG to borrow N720bn in 3 months as DMO unveils borrowing plan for Q2
The federal government of Nigeria will borrow the sum of N720 billion from domestic sources in the second quarter of ...
Borrowings saved Nigeria’s economy from collapse – DMO
The Debt Management Office (DMO) said on Thursday the Federal Government used loans secured from multilateral lenders as a tool ...
Lagos, Ogun, Rivers, A/Ibom, Imo top 5 most indebted states – DMO
Lagos, Ogun, Rivers Akwa Ibom and Imo states, with a combined domestic debt stock of about N1.56tn, are the five ...