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
DMO warned FG against additional borrowing due to high Debt Service-to-Revenue ratio. DMO advised FG to focus on revenue generation & recommended 6 ways to reduce borrowing. DMO’s warning comes as debt profile continues to grow. EKO HOT BLOG reports that the Debt Management Office (DMO) has warned the Federal Government against additional borrowing, saying … Read more
NOVEMBER 19, 2020 The Asset Management Corporation of Nigeria (AMCON) has taken over 12 “prime assets” belonging to the Chairman of Global Fleet Group, Jimoh Ibrahim, and had his accounts frozen over a ₦69.4 billion debt. This followed an order by Justice R.M. Aikawa of the Federal High Court in Lagos, according to a statement … Read more