Nigeria has redeemed her US$500 million Eurobond she issued in July 2013. In a statement on Wednesday night, the Debt Management Office (DMO) said: “This is part of a dual-tranche US$1 billion Eurobond for a tenor of ten (10) years at a coupon of 6.375% per annum”. The DMO revealed that “Nigeria had previously redeemed a US$500 million Eurobond in …

Nigeria’s total public debt as of 31st March 2023 has grown to N49.95 trillion ($108.30 billion). The country’s public debt added another N3 trillion between December 2022 and March 2023. In its quarterly assessment of the country’s debt profile, the Debt Management Office (DMO) said the new figure of N49.95 trillion does not include the N22.719 trillion Ways and Means …

Amid the growing debt burden, the Central Bank of Nigeria’s Net Domestic Credit rose to N70.6 trillion in March from N70.2 in February. The figure represented 0.56 per cent on a monthly comparison. Data from the Central Bank of Nigeria’s Money and Credit statistics released on Friday showed that the credit to the government and private sector resulted in a …

Nigeria’s total public debt stock increased to N46.25 trillion or $103.11 billion as of December 2022, the Debt Management Office (DMO) disclosed on Thursday. According to the DMO, the new figure is made up of the domestic and external total debt stocks of the Federal Government and the sub-national governments (36 state governments and the Federal Capital Territory). The DMO …

By Owede Agbajileke Call him the most-sought after political bride of Delta State – indeed the South-South geo-political zone – you may just be right. This is reinforced by the factor that at a time of massive political alignment and re-alignment ahead of the 2023 elections, the Deputy President of the Senate, Senator Ovie Omo-Agege is emerging as a rallying …