Nigeria’s inflation falls, amidst rising food prices

In sharp contrast to  analysts’ forecast, Nigeria’s annual inflation rate declined marginally to 11.26 per cent in October 2018 from 11.28 per cent in September. The official figure released on Wednesday by the National Bureau of Statistics (NBS) came amidst rising general price level for food items. Analysts at FSDH Merchant Bank and FDC had earlier […]

FG owes 81% of Nigeria’s $22bn external debt – DMO

Banks, Bonds, DMO

Nigeria’s Debt Management Office (DMO) says the federal government is accountable for 81 percent of the total debt owed externally by the country as at June 30, the end of the first half of the year 2018. Nigeria’s external debt is estimated at $22 billion out of which $17.8 billion is accrued to the federal […]

Nigeria’s debt office to sell N135bn bonds next week

Patience Oniha Director-General, Nigeria’s Debt Management Office (DMO)

Nigeria’s debt management office (DMO) Tuesday indicated its planned auction of N135 billion ($442 million) in bonds next week. The DMO is specifically planning to sell N35 billion of bonds due in 2021 and N50 billion each of bonds due in 2027 and in 2037, using a Dutch auction system. The settlement is expected two […]

Nigeria’s FG, states’ public debt stock hits N19.6trn, says DMO

Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document obtained from the DMO website Monday, according to NAN said the domestic debt of states stood at N3 trillion, as the Federal Government spent N253.3 […]

Dufil, privately held Nigerian noodle firm, to raise N40bn from debt market

Nigeria-based West Africa leading noodle company, Dufil Prima Food, is putting finishing touches to its plans to raise N40 billion from the Nigerian debt market, it has emerged. The debt being raised is equivalent to $131 million. Popularly known across the sub-region for its leading products, Indomie, the company is now well diversified as a […]