The 36 states of the federation and the Federal Capital Territory grew their external debts by $1.37bn (N270bn at the current interbank exchange rate of N197 to a dollar) in five years, investigation has shown. Statistics obtained from the Debt Management Office on Sunday showed that the external indebtedness of […]
Tag: DMO
Federal Government, states owe N10tn – DMO
The federal and 36 state governments as well as the Federal Capital Territory owe N10.04tn ($64.51bn) as of December 31, 2013, the Debt Management Office has said. Statistics obtained from the website of the DMO on Monday showed that 86.32 per cent or N8.67tn of the total debt stock was […]
DMO to Auction N75bn Bonds this Week
The Debt Management Office (DMO) will on Wednesday auction federal government bonds valued at N75 billion. A breakdown of the debt instruments, which are all reopening, showed it comprises of 20-year, 10% FGN Jul 2030 paper worth N35 billion and a three-year, 13.05% FGN Aug 2016 debt worth N40 billion. […]
