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Tag "DMO"

Akabueze: Nigeria in trouble — our revenue too small to sustain size of debt

    Akabueze: Nigeria in trouble — our revenue too small to sustain size of debt

Ben Akabueze, director-general of the budget office of the federation, says Nigeria’s borrowing space keeps reducing due to the inability to service debt. Akabueze spoke on Wednesday during the induction

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$800m World Bank loan: Shun borrowing for consumption, CSOs tell FG

    $800m World Bank loan: Shun borrowing for consumption, CSOs tell FG

Open Alliance, a group of civil society organisations (CSOs), says the federal government must shun borrowing for consumption and invest in enterprises in order to pay its debts. In a

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‘They’re cheaper’ — DMO says Nigeria reducing debt service cost by accessing World Bank loans

    ‘They’re cheaper’ — DMO says Nigeria reducing debt service cost by accessing World Bank loans

The Debt Management Office (DMO) says Nigeria is actively reducing debt service cost by accessing World Bank loans. The office took this position in a statement on Wednesday, while clarifying

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‘It is false’ — DMO denies reports on defaulting on China loan repayment

    ‘It is false’ — DMO denies reports on defaulting on China loan repayment

The Debt Management Office (DMO) has debunked claims that Nigeria defaulted in loan repayment to China. In a statement on Wednesday, the DMO said it was quoted by a media

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‘FG keeps issuing promissory notes’ — DMO speaks on Nigeria’s rising debt stock

  ‘FG keeps issuing promissory notes’ — DMO speaks on Nigeria’s rising debt stock

The Debt Management Office (DMO) says Nigeria’s debt stock is increasing due to a combination of several factors, including borrowings

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DMO: Nigeria’s public debt hit N46trn in Q4 2022 — up by N6trn from 2021

  DMO: Nigeria’s public debt hit N46trn in Q4 2022 — up by N6trn from 2021

The Debt Management Office (DMO) says Nigeria’s total public debt hit N46.25 trillion at the end of the fourth quarter

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January inflation, s’court verdict on naira notes… 7 top business stories to track this week

  January inflation, s’court verdict on naira notes… 7 top business stories to track this week

Here are the seven top business news you need to track this week — February 13 to February 17. SUPREME

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Debt will only hit N77trn if N22.7trn ways and means is included, says DMO

  Debt will only hit N77trn if N22.7trn ways and means is included, says DMO

The Debt Management Office (DMO) has explained that public debt would only hit the projected N77 trillion if the ways

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DMO: Incoming president to inherit N77trn debt

  DMO: Incoming president to inherit N77trn debt

Patience Oniha, director general, Debt Management Office (DMO), says the incoming administration would inherit about N77 trillion as debt by

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DMO offers two FGN savings bonds for subscription at N1000 per unit

  DMO offers two FGN savings bonds for subscription at N1000 per unit

The Debt Management Office (DMO) has announced an offering for two federal government of Nigeria (FGN) savings bonds for subscription

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