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Farooq

Posts Tagged "debt management offcice"

HomePosts Tagged "debt management offcice"
  • CBN

Oyetunji Abioye The Federal Government has started the sale of a N100bn ($326m) debut sovereign sukuk on the local market to fund road infrastructure, the Debt Management Office has said. The seven-year Islamic bond, which is structured as a lease, will yield a 16.47 per cent rental rate, payable semi-annually. Subscription for the bond, which […]

LAGOS, July 5 (Reuters) – Nigeria plans to raise between 360 billion naira and 450 billion naira ($1.18 bln-$1.48 bln) in sovereign bonds maturing between five and 20 years in the third quarter, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction 90-120 billion naira in the five-year note and […]

LAGOS, June 5 (Reuters) – Nigeria’s total debt rose to 19.15 trillion naira ($62.91 billion) as of March 2017, from 17.36 trillion naira at the end of last year, the Debt Management Office said on Monday. Africa’s biggest economy, which slipped into recession last year for the first time in 25 years, raised $1 billion […]

Nigeria’s debt profile has risen by approximately N5.4 trillion since President Muhammadu Buhari took office in May, 2015, TheCable can report. According to the Debt Management Office (DMO), Nigeria’s debt profile stood at approximately N12.12 trillion as at June 2015, barely a month after the current government took office. But according to the National Bureau […]

Amid attempts by the country to borrow more from external sources, Nigeria has in the past five years spent $1.62bn to service its external debts that include loans secured for what turned out to be white elephant projects, EVEREST AMAEFULE writes. In the past five years, Nigeria has spent $1.62bn for servicing of external loans […]

  • CBN

LAGOS, March 9 (Reuters) – Nigeria’s total debt rose to 17.36 trillion naira ($56 bln) as of Dec. 2016 from 12.60 trillion naira a year earlier, the Debt Management Office said, as the country grappled with its first recession in a quarter of century caused by low oil prices. Africa’s biggest economy expects a budget […]

  • CBN

LAGOS Jan 19 (Reuters) – Nigeria has raised 214.95 billion naira ($704.18 mln) in local currency bonds at its first auction this year, with the debts sold at yields below galloping inflation, the Debt Management Office said on Thursday. Though yields were higher than at its last auction in December, the debt office said it […]

LAGOS Jan 11 (Reuters) – Nigeria plans to auction 130 billion naira ($426 million) in local currency-denominated bonds on Jan. 18, its first debt sale this year, the Debt Management Office said on Wednesday. The debt office said it would issue 40 billion naira apiece in bonds maturing in 2021 and 2036, and 50 billion […]

LAGOS Jan 6 (Reuters) – Nigeria plans to issue 340 billion to 430 billion naira ($1.12 billion to $1.41 billion) of local-currency bonds during the first quarter, the Debt Management Office said on Friday. The debt office said on its website it would auction 110 billion to 140 billion naira worth of bonds maturing in […]