Browsing: DMO

The Zamfara State Government denies a report by the Debt Management Office that it borrowed N14.26 billion. In the most recent state debt report – both domestic and foreign debts, released by the DMO as of December 30 and June 30, 2023, respectively; PUNCH reports that “for the states, Plateau received N16.32bn; Rivers borrowed N7.07bn; […]

The Debt Management Office of Nigeria has revealed that Nigeria’s public debt surged to N97.34trn ($108bn) as of the fourth quarter of 2023. DMO disclosed this in a statement made available to journalists on Friday. Public debt is one of the ways for a country to get extra funds for economic development. This way, a […]

The Debt Management Office has faulted recent news reports suggesting the appointment of transaction advisers for a potential Eurobond issuance. The DMO made its position known in statement made available to PUNCH Online on Friday. It was earlier reported that the Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, […]