DMO

Katsina State Government said on Wednesday that it has not borrowed any loan since its inception on May 29. The government is responding to a claim by the Debt Management Office (DMO) which indicated that the state, together with some…
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The Zamfara government has denied taking a N14.2 billion loan as indicated in a report by the Debt Management Office (DMO). A statement issued in Gusau on Monday by Sulaiman Idris, Senior Special Assistant to the governor on Media and…
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Nigeria’s public debt stock as at Dec. 31, 2023, was N97.341 trillion (108.229 billion dollars),  according to data released by the Debt Management Office (DMO) on Friday in Abuja. The DMO said that the amount comprised domestic and…
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The Debt Management Office, on Thursday, revealed that Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion in the fourth quarter of 2022. It stated that the new figure consists of the domestic and external…
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The Debt Management Office (DMO) says its Sukuk bond offerings are designed to improve roads infrastructure, develop the financial market and also promote financial inclusion. The Director-General of the DMO, Patience Oniha said this while…
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President Muhammadu Buhari on Wednesday urged the United Nations to consider outright cancellation of debts for countries facing the most severe economic challenges. The Nigerian leader made the appeal during the General Debate of the 77th…
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The Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars) by June. According to a statement obtained from DMO’s…
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“Just like individuals are advised to diversify their investment portfolios, it is also advisable for the Federal Government to diversify its source of funding. “Although, the risk in local borrowing is less, but the interest is higher,’’…
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Nigeria’s total public debt stock as of June 30, 2020, has hit N31trn, indicating an increase of N2.38trn within a space of three months. This according to a release by the Debt Management Office on Wednesday. Recalls Nigeria’s total…
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The Debt Management Office (DMO) says the total public debt as of September 2019 stood at N26.215 trillion. The Director-General of DMO, Ms Patience Oniha, made this known during a presentation of Public Debt Data as of September 30,…
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