EVEREST AMAEFULE reports that in 39 months, the country spent a total of ₦5.468 trillion on servicing domestic debt and foreign debt as experts claim that the cost of debt servicing is crowding out public debt expenses Servicing of domestic and foreign debt gulped a total of ₦5.468 trillion between July 2015 and September 2018, […]
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The Nigeria’s Debt Management Office, DMO, has commenced intensive diversification of investors base in Federal Government bonds, given the tight monetary policy, which has affected banks’ investment in the debt instruments. Director-General of the DMO, Ms Patience Oniha, who said this in Abuja yesterday, explained that private investors’ interests in the bonds had been growing […]
Read More In 2019, the Debt Management Office (DMO) is expected to spend ₦2,264,711,421,667 a significant portion of which will go to settling interests on both internal and external public debts. According to the 2019 proposed budget currently with the National Assembly, under the Service Wide Vote, the document stated that ₦120,000,000,000 will be set aside for […]
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