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Tag Archives: Debt Management Office (DMO

Nigeria’s IDA Debt Hits $11.7 Billion – DMO

Nigeria’s IDA Debt Hits $11.7 Billion - DMO

The Debt Management Office (DMO), has said International Development Association (IDA)’s Debt Stock stands at $11.7 billion. IDA loans represent one of the most favourable borrowing options for countries like Nigeria are also consistent with the Medium Term Debt Management Strategy of the Federal Government,” DMO said in a statement …

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DMO Offers Additional FG Bonds for Subscription at N1000/ Unit

DMO Offers Additional FG Bonds for Subscription at N1000/ Unit

The Debt Management Office (DMO) on Monday offered additional Federal Government bonds for subscription at N1,000 per unit, according to information published on its website. The DMO said that the offer was for the Federal Government of Nigeria Savings Bond with the following details:   “Two-year FGN Savings Bond due …

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Banks’ Credit to Government Rises to N12.5 Trillion in May

Banks' Credit to Government Rises to N12.5 Trillion in May

As part of a governmental effort to finance the budget, the Central Bank of Nigeria (CBN) has disclosed that banks credit to government hits 60-year high to N12.5trillion in May 2021. The N12.5trillion government borrowing from banks as reported by CBN hits a new level bank commenced lending to government …

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