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DEBT MANAGEMENT OFFICE
The DMO assured that the Bond offers were going to resume when the conditions change.
For the revised budget, the oil benchmark was reduced from $57 per barrel to $28.
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
The CBN sells T-bills on a bi-weekly basis to investors and it is one of the safest investments available.
This shows that China is not a major source of funding for the Nigerian Government.
The DMO expects to continue to raise funds through Sukuk to support improvement in infrastructure.
Treasury bill auctions shows that the Debt Management Office sold N4.4 billion on the 91-day paper, N7.8 billion on the 182-day bill.
Ministers of Finance from African countries have requested for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus.
Nigeria's total debt stock as at December 2019 included N21.7 trillion owed by the Federal Government and N5.6 trillion owed by the state governments.
The Debt Management Office (DMO) has announced the suspension of the FGN Savings Bond Offer which was slated for the month of April 2020.
The Senate raised an alarm that Nigeria’s total debt profile now stands at N33trillion, with the approval of the $22.7billion foreign loan request
The DMO has revealed that the Coronavirus outbreak would affect the FG's ability to service Nigeria's debt which is currently about N26.2 trillion.