• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

DMO says Nigeria not planning to restructure debt

Debt

The Matters Press by The Matters Press
October 14, 2022
Reading Time: 1 min read
0
22 African nations in debt crisis

The Debt Management Office (DMO), says contrary to reports by U.S. based financial, software, data and media company, Bloomberg, Nigeria has no plans to restructure its debt.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The DMO said this in a statement on Thursday, against the backdrop of recent reports by Bloomberg that Nigeria was considering restructuring its debt and extending the repayment period of its credit obligations.

The report had quoted Nigeria’s Finance Minister, Mrs Zainab Ahmed, as saying that Nigeria had appointed consultants to advise the government as it faced a rising debt-service burden.

The DMO said that the minister’s statement was taken out of context.

“Over the years, Nigeria’s Debt Management Strategy has always highlighted the need to utilise appropriate debt management tools to streamline the cost and risk profile in the debt portfolio.

“Toward implementation of these strategies, Nigeria has typically availed itself of concessional loans, the spreading out of debt maturities to avoid bounching, and re-profiling of debt maturities by refinancing short-term debt using long-term debt instruments.

“All these, non of which constitute debt restructuring, are already being implemented ” the DMO said.

It said that the Nigerian government was also looking forward to exploring other appropriate debt liability management options such as “bond- buy back” and “bond exchanges”.

“We want to assure local and international investors and creditors that Nigeria remains committed and will meet all its debt obligations, ” the DMO said.

Tags: Debt
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
FAO sensitises farmers on safety standards in food production, processing

Nigeria partners with FAO to achieve better nutrition, zero hunger

Food prices peak after Eid el-Fitr

Poultry Farmers call for increased eggs consumption

Recommended Stories

Transparency group commends NEPZA of its anti-corruption reforms

NEPZA tasks chambers of commerce on special agro-allied district

August 5, 2022
Coronavirus hits hard as China records 811 deaths

31 covid-19 deaths in 24 hours of doctors’ strike

June 17, 2020
Experts seek implementation of economic development plans

What is happening to Kenya’s economy

May 4, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us