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Tag "DMO"

FACT CHECK: Kwankwaso borrowed – Kano’s domestic debt increased by over 1000% between 2011 and 2015

    FACT CHECK: Kwankwaso borrowed – Kano’s domestic debt increased by over 1000% between 2011 and 2015

Rabiu Kwankwaso, former governor of Kano state and presidential flagbearer of the New Nigeria Peoples Party (NNPP), has claimed that during his eight years tenure, his administration never borrowed.  Kwankwaso

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DMO offers 10-year N100bn Sukuk for subscription at 15.64% per annum

    DMO offers 10-year N100bn Sukuk for subscription at 15.64% per annum

The Debt Management Office (DMO) has opened an offering for a 10-year N100 billion Forward Ijarah (Lease) Sukuk instrument at a rental rate of 15.64 percent per annum, payable half-yearly.

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‘DMO understating Nigeria’s debt’ — Agora Policy says CBN’s lending to FG increased by 7,000% since 2014

    ‘DMO understating Nigeria’s debt’ — Agora Policy says CBN’s lending to FG increased by 7,000% since 2014

Agora Policy, an Abuja-based think tank set up to find practical solutions to urgent national challenges, says Nigeria’s domestic debt is being largely understated.  The think tank, in its maiden

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AT A GLANCE: World Bank, China… here are Nigeria’s top five creditors

    AT A GLANCE: World Bank, China… here are Nigeria’s top five creditors

The International Development Association (IDA) is Nigeria’s single biggest creditor, with a portfolio worth $12.57 billion, according to Debt Management Office (DMO) latest figures. IDA, a member of the World

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DMO: FG needs to address issues around petrol subsidy to reduce borrowings

  DMO: FG needs to address issues around petrol subsidy to reduce borrowings

The Debt Management Office (DMO) has urged the federal government to take steps to address issues around petroleum subsidy payment

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Peter Obi: FG should restrict borrowing to 5% of previous year’s revenue

  Peter Obi: FG should restrict borrowing to 5% of previous year’s revenue

Peter Obi, presidential candidate of the Labour Party (LP), says the federal government should restrict borrowings to a statutory 5

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13% derivation: Eight oil-producing states received N144bn in Q1 2022

  13% derivation: Eight oil-producing states received N144bn in Q1 2022

Eight oil-producing states in Nigeria received N144.31 billion from the federation account in the first quarter of 2022. The amount

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FG approves N3bn Sukuk fund for rehabilitation of Numan-Jalingo road

  FG approves N3bn Sukuk fund for rehabilitation of Numan-Jalingo road

Mu’azu Sambo, minister of state for works and housing, says there is a provision of N3 billion Sukuk fund in

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FG raises fresh $1.25bn through eurobond to finance capital projects

  FG raises fresh $1.25bn through eurobond to finance capital projects

Nigeria has raised a $1.25 billion seven-year eurobond in the International Capital Market (ICM) to finance capital projects in the

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Sukuk: We’ll work with FCT, Niger Delta ministry on road projects, says DMO

  Sukuk: We’ll work with FCT, Niger Delta ministry on road projects, says DMO

The Debt Management Office (DMO) says road projects in the Niger Delta and federal capital territory (FCT) will take priority

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