Debt

Nigeria’s DMO Secures N1.09 Trillion via Sovereign Sukuk for Infrastructure

Nigeria’s DMO Secures N1.09 Trillion via Sovereign Sukuk for Infrastructure

The Debt Management Office (DMO) of Nigeria has amassed N1.09 trillion through Sovereign Sukuk since 2017 to bolster infrastructure development.… Read More

7 hours ago

Keystone Bank Takes Control of Josepdam Sugar Over N25Billion Debt

Keystone Keystone bank has seized control of Bacita Sugar Company (Josepdam Sugar Company) over its failure to settle a N25,358,203,258.09… Read More

13 hours ago

Stanbic IBTC Stockbrokers Reappointed as Nigeria’s Stockbroker by DMO

The Debt Management Office (DMO) has reappointed Stanbic IBTC Stockbrokers as the official government stockbroker to the Federal Government of… Read More

3 weeks ago

Unlike Egypt or Kenya, Nigeria Spends Foreign Loans on Admin Costs Rather Than Infrastructure

Nigeria has once again found itself in the spotlight for its external debt profile, ranking as the third-highest debtor in… Read More

3 weeks ago

Nigeria’s Treasury Bills Sees N2.4 trillion In Subscription Amid Lower Rates and Shifting Investor Sentiment

On February 19, 2025, the Central Bank of Nigeria (CBN) conducted its latest treasury bills auction, a critical component of… Read More

1 month ago

Fiscal Sustainability in Nigeria: Lessons from Africa’s Other Large Economies (South Africa, Egypt, Algeria, and Ethiopia)

Nigeria is Africa's largest economy by population, yet with a GDP of $253 billion, it ranks as the continent's fourth-largest… Read More

1 month ago

MeCure Industries Launches ₦8 Billion Commercial Paper Issuance

MeCure Industries Plc has announced the launch of its ₦8 billion Series 3 Commercial Paper Issuance under its ₦40 billion… Read More

1 month ago

DMO Raises N669.94bn from January 27th 2025 Bond Auction

Debt Management Office (DMO) of Nigeria successfully raised a total of N669.94 billion from its bond auction held on January… Read More

2 months ago

Nigeria’s Debt Servicing Hits N3.57 Trillion in Q3 2024 – DMO

The Debt Management Office (DMO) recently reported that the country spent N3.57 trillion on debt servicing in the third quarter… Read More

2 months ago

Fidelity, FCMB, Sterling, UBA, Zenith USSD Codes to Cease Operations on January 27 Over N160Billion Telcos Debt

The USSD codes of nine Nigerian banks, including Fidelity Bank (770), FCMB (329), Sterling Bank (822), UBA (919), and Zenith… Read More

2 months ago