The Debt Management Office (DMO) has advised states seeking to borrow from any bank or raise fund from the bonds market to first seek the approval of the Minister of Finance and secure it before embarking on such such transactions. The measure, which complements the existing rules which requires Federal Government and National Assembly’s approval […]
The Debt Management Office (DMO) has reported an increase by 4.5 percent to N22.7 trillion in the first quarter of this year due to increased domestic borrowing by the national and sub-national governments as well as rising foreign borrowing by the former. The latest data on the public debt profile sourced from the Debt Management […]
The Director General of Debt Management Office, Patience Oniha (second left); Honourable Minister of Finance, Mrs. Kemi Adeosun (fourth left); Executive Vice President, China Development Bank, Mr Zhang Xuguang (middle); Honourable Minister of Power, Works & Housing, Mr Babatunde Fashola SAN (fourth right);Permanent Secretary, Power, Mr. Louis Edozien (2nd right) in a group photograph shortly […]