NCC Outline New Operational Guidelines For USSD Services CBN and NCC lnstructs banks to Settle 85% of all Outstanding Invoices by December 31 Telecom operators threatening to suspend USSD The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to resolve the long-standing N250 billion Unstructured Supplementary Service … 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
Lagos DMO supervises blue rail line project …Mrs. Sanusi also expressed satisfaction with the progress of work done so far on the project, maintaining that the project will be delivered on schedule. EDITOR’S PICK Gov. Sanwo-Olu Opens New DSS Office In Alimosho LG LASG To Prevent Pandemic In Abattoirs, Enforces Meat Industry Rules Lagos To … 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
DMO has said that the Buhari’s $6bn loan request was part Of 2021 budget and not new as widely speculated. Debt Management Office (DMO) has said that $6 billion (N2.34 trillion) loan request of President Muhammadu Buhari is already captured in the 2021 budget. EkoHotBlog reported earlier that Buhari had asked the national assembly to … Read more
The federal government has replied a senior advocate of Nigeria, Femi Falana, over assertion that Nigeria external debts stands at $76 billion. The Debt Management Office (DMO) says Nigeria’s outstanding external debt is $27.6 billion. In a freedom of information (FoI) request dated August 3, 2020, Falana & Falana Chambers, the law firm of Femi … Read more
The Debt Management Office (DMO) on Wednesday said appropriate authorities reviewed the loans agreement between China and Nigeria before they are signed. Recently, the conditions of the loan have been mired in controversy over a clause handing Nigeria’s sovereignty to China in a loan agreement. The clause, described as “lethal” by a house of representatives … Read more
Nigeria’s Debt Management Office (DMO) has announced that the country public debt profile stood at a total of N26.2 trillion as at September 2019. The Director-General of DMO, Ms Patience Oniha, disclosed this during a presentation of Public Debt Data as at September 30, 2019, in Abuja on Friday. Oniha explained that the debt comprised … Read more
The Debt Management Office (DMO) has announced Nigeria’s total debt stock comprising external and domestic debts stand at N24.387 trillion. Director General of the DMO, Ms. Patience Oniha made this disclosure at the public breakdown of the nation’s public debt data in Abuja on Thursday. According to Oniha, “the Total Public Debt stood at N24.387 trillion … Read more