Eko Hot Blog reports that the Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. According to The Nation, It was learnt last night that the Debt Management Office (DMO), which oversees the issuance and management … Read more
Eko Hot Blog reports that the Debt Management Office (DMO), on Wednesday, announced that the total public debt of Nigeria had increased to N89.71 trillion at the end of the third quarter of 2023. The figure represents a marginal increase of 0.61 percent compared to N87.38 trillion recorded at the end of June 2023. The … Read more
Eko Hot Blog reports that the Federal Government of Nigeria has re-affirms Its commitment to meeting Its debt service obligations as it redeems a 500 million US Dollar Eurobond on its due date which is July 12, 2023. According to a press release by Debt Management Office, the Eurobond was issued in July 2013 as … Read more
MDAs through the backdoor received billions of naira to them between 2017 and 2021 How public offices misused funds for SWV under Buhari’s regime A complete list of affected agencies revealed! Eko Hot Blog reports that the Senate has exposed how Ministries, Departments and Agencies (MDAs) of the federal government misused the N3.8 trillion they … Read more
By Praise Ben With a flourish of his pen, President Muhammadu Buhari etched his signature onto the eighth and final appropriation bill presented to him by his government. The bill, however, had not come without controversy, as the National Assembly had sent him estimates that were deemed ‘unreconciled’ and ‘spurious.’ But undeterred by the strife, … Read more
FG to borrow N720bn in 3 months as DMO unveils borrowing plan for Q2 …the DMO will on April 25, re-open a 2025, 2-years, 11-month FGN bond valued at between N70billlion to N80billion, with an original tenor of 7 years and an interest rate of 13.53% EDITOR’S PICK: We Will Defend Ourselves, If You Can’t Protect … Read more
The growing amount of debts incurred by the federal and state governments recently have been a source of disturbing concerns for many Nigerians. However, some Analysts have argued that Debt is not too bad if it is put to good use. As gathered by EKO HOT BLOG, This piece examines the states with highest debts … Read more
Nigeria’s total public debt rose to 28.62 trillion naira ($79.5 billion) as of March, up 15% from a year earlier, the Debt Management Office (DMO) said on Friday. Africa’s largest economy has been racking up debt to fund infrastructure projects and boost a sluggish economy now projected to fall into recession following the impact of … Read more
Servicing the nation’s external debt gulped $1.66bn in one year, from July 2018 to June 2019, an analysis of data obtained from the Debt Management Office has shown. According to report, within one-year period, the country’s external debt rose from $21.59bn to $27.16bn. This means that the external indebtedness of the country rose by $5.57bn … Read more