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Farooq

Posts Tagged "dmo"

HomePosts Tagged "dmo"

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 […]

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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 […]

By Chijioke Ohuocha LAGOS, March 1 (Reuters) – Nigeria plans to target retail investors with a new savings bond that will go on sale this month, the Debt Management Office said on Wednesday. Two- and three-year maturities will be offered, with interest paid quarterly. The interest rate has yet to be announced, but the debt […]

By Oludare Mayowa LAGOS Feb 16 (Reuters) – Nigeria has raised 160 billion naira ($525 million) in local currency bonds at its second debt auction this year at yields lower than the inflation rate in Africa’s biggest economy, the Debt Management Office said on Thursday. The debt office had initially want to raise 110 billion […]

  • 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 […]

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The Debt Management Office has fixed the maximum limit for the federal government’s domestic and external borrowing at 22.08 billion dollars for the 2017 fiscal year. This is part of policy recommendations of the Debt Management Office contained in its 2016 report of the annual national debt sustainability analysis. According to the management office, new […]

  • CBN

By Chijioke Ohuocha LAGOS Oct 26 (Reuters) – The maximum amount that Nigeria can borrow in 2017 from both local and foreign sources is $22.08 billion without it violating its debt threshold, the Debt Management Office (DMO) said. Nigeria has a borrowing space of 5.89 percent of its GDP of $374.95 billion which will take […]