Nigeria’s debts on the rise — N20 trillion and still counting

Nigeria’s debts on the rise — N20 trillion and still counting

Data made available by the Debt Management Office (DMO) on Tuesday showed that Nigeria’s debt stock has hit N20 trillion as at September 30, 2017. Domestic debt accounts for 76.96 The post Nigeria’s debts on the rise — N20 trillion...
read more
2017 budget: FG steps up borrowings with additional $2.5bn Eurobond

2017 budget: FG steps up borrowings with additional $2.5bn Eurobond

The Federal  Government has stepped up its aggressive borrowing measures as Debt Management Office,  DMO, indicated that it would be raising additional USD2.5 billion (about N917 billion) through a fresh Eurobond offer in November 2017 The post 2017 budget: ...
read more
Nigeria’s debt profile to rise with new issues

Nigeria’s debt profile to rise with new issues

With a series of debt issues lined up before the end of 2017, including a N20 billion in “green bond”, the country’s debt profile is expected to inch further than the latest... ...
read more
Oniha: More Eurobonds to be released in late 2017

Oniha: More Eurobonds to be released in late 2017

Patience Oniha, director general of the Debt Management Office (DMO), says the federal government has plans to release more Eurobonds by the fourth quarter of 2017. Oniha made this knownThe post Oniha: More Eurobonds to be released in late 2017...
read more
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 yearThe post From 13.79% in April, FG raises savings bond interest...
read more
Eurobond: Fed Govt, UBA, Zenith raise $2.5b

Eurobond: Fed Govt, UBA, Zenith raise $2.5b

• Fitch, S&P to rate more banks • Rush for Eurobond continues The Federal Government and two commercial lenders have raised $2.5 billion through Eurobond in the last four months. The Federal Government raised $1 billion in February and $500 million in...
read more
UBA’s $500m Eurobond Records 240% Over Subscribed

UBA’s $500m Eurobond Records 240% Over Subscribed

United Bank for Africa says it has successfully raised 500 million dollars though a Debut Euro Bond, which was oversubscribed by 240 percent. The bond which is rated ”B” with a stable outlook by both Fitch and S&P rating agencies will mature i...
read more
FACT CHECK: Was Adeosun right about Nigeria not borrowing internationally since 2013?

FACT CHECK: Was Adeosun right about Nigeria not borrowing internationally since 2013?

In a speech delivered on Facebook Live in April, Kemi Adeosun, minister of finance, said that the country has not borrowed internationally since 2013. Adeosun made this statement while outliningThe post FACT CHECK: Was Adeosun right about Nigeria not borrowing...
read more