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Tag "Debt Management Office(DMO)"

Despite $1.3bn repayment, naira adjustment pushes Nigeria’s debt higher

    Despite $1.3bn repayment, naira adjustment pushes Nigeria’s debt higher

The total debt portfolio of the Nigerian government (state and federal) stood at N27.4 trillion as of December 2019. This is according to the latest figures published by the Debt

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Udoma: Nigeria’s N24.39trn debt sustainable — despite revenue challenges

    Udoma: Nigeria’s N24.39trn debt sustainable — despite revenue challenges

Udoma Udoma, minister of budget and national planning, says despite the challenges to revenue generation, Nigeria’s rising debt stock is sustainable. The Debt Management Office (DMO) had released a report

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Lagos, Katsina among 23 states that ‘exceeded borrowing limits’

    Lagos, Katsina among 23 states that ‘exceeded borrowing limits’

The Fiscal Responsibility Commission (FRC) says 23 states exceeded their borrowing limits stipulated in the guidelines provided by the Debt Management Office (DBO). A report on states and indebtedness said

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From 13.79% in April, FG raises savings bond interest to 14.53%

    From 13.79% in April, FG raises savings bond interest to 14.53%

The Debt Management Office (DMO) on Monday raised the interest band for the federal government savings bonds to 14.535 percent from 13.79 percent in April — for the three year

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FG offers savings bonds for retail investors

  FG offers savings bonds for retail investors

The federal government has announced a savings bonds offer for interested retail investors. According to the Debt Management Office (DMO),

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Nigeria raises N160bn at yields below inflation

  Nigeria raises N160bn at yields below inflation

Nigeria has raised N160bn ($525 million) in local currency bonds at its second debt auction this year. The bonds were

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