agency of the British government
UK Nears Pick for New Debt Chief Ahead of Bond-Sales Wave: The UK government is close to naming a successor to Robert Stheeman as chief executive of the Debt ...
bloomberg.com/news/articles/2024-04-12/uk-nears-pick-for-new-debt-chief-ahead-of-bond-sales-wave
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UK debt chief warns scale of borrowing leaves challenge for successor: Britain faces risks and challenges from the scale of borrowing it will need in coming ...
reuters.com/world/uk/uk-debt-chief-warns-scale-borrowing-leaves-challenge-successor-2024-04-10/
UK picks Jessica Pulay to lead multi-billion bond sales: Britain's finance ministry appointed Jessica Pulay as the next chief executive of the Debt Management ...
reuters.com/world/uk/uk-picks-jessica-pulay-head-debt-agency-overseeing-vast-bond-sales-programme-2024-04-16/
UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
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BYD Shark Electric Truck Debuts Online - Price, Specs, and Features Revealed: BYD unveiled the Shark electric pickup truck ahead of the Beijing Autoshow ...
techtimes.com/articles/303853/20240422/byd-shark-electric-truck-debuts-online-price-specs-features-revealed.htm
UK Bonds: DMO Chief Robert Stheeman Says Liquidity Paramount: Robert Stheeman warns liquidity is paramount as governments splurge on debt.
bloomberg.com/news/articles/2024-04-08/uk-bonds-dmo-chief-robert-stheeman-says-liquidity-paramount
Paid articlePaid UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
Paid articlePaid
Zamfara governor denies borrowing 14.26bn: The spokesperson of the governor clarified that no domestic or external loans have been taken since Governor Dauda ...
premiumtimesng.com/promoted/682559-zamfara-governor-denies-borrowing-14-26bn.html
DMO opens FG savings bond subscription at 18.06%
The Debt Management Office has opened subscriptions for two Federal Government’s savings bonds ... Show more
DMO opens FG savings bond subscription at 18.06%
DMO opens FG savings bond subscription at 18.06%
Exclusive: UK debt chief sees less value in long-dated gilt issuance: Britain currently sees somewhat less value in issuing long-dated gilts compared to short or ...
reuters.com/markets/rates-bonds/uk-debt-chief-sees-less-value-long-dated-gilt-issuance-2024-03-06/
Declining Indonesian palm oil exports may affect domestic supply, officials say - Markets - The Jakarta Post
thejakartapost.com/business/2024/03/25/declining-indonesian-palm-oil-exports-may-affect-domestic-supply-officials-say.html
Nigeria’s public debt reached N97 trillion in December 2023 – DMO: The DMO said that the country’s external debt stock was skewed in favour of loans from ...
premiumtimesng.com/news/top-news/679901-nigerias-public-debt-reached-n97-trillion-in-december-2023-dmo.html
31 states owe CBN N340bn bailout funds: Thirty-one state governments owe Central Bank of Nigeria, CBN, a total of N339.9bn obtained to pay workers’ salaries ...
punchng.com/31-states-owe-cbn-n340bn-bailout-funds/
PREMIUM TIMES MORNING UPDATES FOR MARCH 23, 2024.
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Emulate Otti, stop pensions to ex-governors ... Show more
Emulate Otti, stop pensions to ex-governors, Obasanjo tells Nigerian governors
Nigeria Customs suspends 25% penalty on improperly imported vehicles
40 killed as gunmen attack Russian concert centre
WAEC releases results of first CBT WASSCE, records 30.95% pass
Hardship: Three university students feared dead in stampede over rice | Premium Times Nigeria
Bandits kill 21 people, abduct many in Niger community | Premium Times Nigeria
FG, NSIA sign MoU to enhance cancer care in Nigeria | Premium Times Nigeria
FCT to establish rapid response team to tackle insecurity - Wike | Premium Times Nigeria
Nigerian military continues manhunt for killers of soldiers | Premium Times Nigeria
Nigerian military kills 106 terrorists, apprehends 103 others in one week - Official
Nigeria’s public debt reached N97 trillion in December 2023 – DMO | Premium Times Nigeria
Alleged Budget Padding: “Critics don’t understand arithmetic of budget” — Tinubu
NBA calls for scrutiny of members shortlisted for appointment as judges
https://www.facebook.com/Premiumtimes
Premium Times - YouTube
Premium Times Nigeria – Beschäftigte, Jobs, Aktien & Kultur | LinkedIn
Emulate Otti, stop pensions to ex-governors, Obasanjo tells Nigerian governors
Nigeria Customs suspends 25% penalty on improperly imported vehicles
40 killed as gunmen attack Russian concert centre
WAEC releases results of first CBT WASSCE, records 30.95% pass
Hardship: Three university students feared dead in stampede over rice | Premium Times Nigeria
Bandits kill 21 people, abduct many in Niger community | Premium Times Nigeria
FG, NSIA sign MoU to enhance cancer care in Nigeria | Premium Times Nigeria
FCT to establish rapid response team to tackle insecurity - Wike | Premium Times Nigeria
Nigerian military continues manhunt for killers of soldiers | Premium Times Nigeria
Nigerian military kills 106 terrorists, apprehends 103 others in one week - Official
Nigeria’s public debt reached N97 trillion in December 2023 – DMO | Premium Times Nigeria
Alleged Budget Padding: “Critics don’t understand arithmetic of budget” — Tinubu
NBA calls for scrutiny of members shortlisted for appointment as judges
https://www.facebook.com/Premiumtimes
Premium Times - YouTube
Premium Times Nigeria – Beschäftigte, Jobs, Aktien & Kultur | LinkedIn
Looming election puts battered British markets back in the spotlight: Britain's economy might well have fallen into recession late last year ...
reuters.com/markets/looming-election-puts-battered-british-markets-back-spotlight-2024-02-14/
FG raises N1.5tn in two FGN bond offers: The Federal Government raised N1.5tn through bonds at its February auction instead of the N2.5tn it was targeting.
punchng.com/fg-raises-n1-5tn-in-two-fgn-bond-offers/
Alake advocates mineral equity to avoid debt trap: The Minister of Solid Minerals Development, Dr Oladele Alake, has urged mineral-rich African countries to use ...
punchng.com/alake-advocates-mineral-equity-to-avoid-debt-trap/
Tinubu reconstitutes board of Nigerian electricity agency: President Tinubu anticipates that the NELMCO Board's new structure and composition will yield ...
premiumtimesng.com/news/more-news/675315-tinubu-reconstitutes-board-of-nigerian-electricity-agency.html
Naira depreciation worsens Nigeria’s foreign debt woes: According to the latest debt profile data published by the Debt Management Office ...
punchng.com/naira-depreciation-worsens-nigerias-foreign-debt-woes/
FULL LIST: Agencies that may be scrapped based on Oronsaye reportFULL LIST: Agencies that may be scrapped based on Oronsaye report
Nigeria facing worsening economic crisis, says IMF: The IMF has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing ...
punchng.com/nigeria-facing-worsening-economic-crisis-says-imf/
Puzzle of Kenya’s expensive IMF, World Bank loans: Controller of Budget Margaret Nyakang’o has flagged the cost of concessional loans taken up by the government.
nation.africa/kenya/business/world-bank-imf-charging-kenya-14-5pc-interest-cob--4534346
Forum worries as A’Ibom debt profile hits N347.75bn: The Tax Justice and Governance Platform Forum of Akwa Ibom State has raised the alarm over the increasing ...
punchng.com/forum-worries-as-aibom-debt-profile-hits-n347-75bn/
Treasury told to cough up Fujitsu contract details as Post Office scandal deepens
cityam.com/treasury-told-to-cough-up-fujitsu-contract-details-as-post-office-scandal-deepens/
FG, states debts near N107tn, naira fall raises loans: Nigeria's debt spirals to N107.38tn with fresh borrowings approved for FG and CBN's Ways and ...
punchng.com/fg-states-debts-near-n107tn-naira-fall-raises-loans/
UK debt chief warns excessive borrowing risks investor backlash: Sir Robert Stheeman says Liz Truss budget shows fiscal policy must not be ‘divorced from ...
ft.com/content/fb8974e4-355e-4276-be1f-7edb73273f75
Subsidy removal will create space for development spending — IMF: On policy reforms aimed towards increasing revenue, the IMF commended Nigeria and three other ...
punchng.com/subsidy-removal-will-create-space-for-development-spending-imf/
FG cuts external borrowing, debt soars to N88tn: The Federal Government’s appetite for foreign loans is waning, the latest data from the Debt Management Office ...
punchng.com/fg-cuts-external-borrowing-debt-soars-to-n88tn/
W’Bank projects 3.7% growth for Nigerian economy 2025: The Washington-based bank attributed the momentum to the gradual realisation of the current macro-fiscal ...
punchng.com/wbank-projects-3-7-growth-for-nigerian-economy-2025/
Banks Could Lose Grip on Government Bond Sales, UK’s Stheeman Says: Banks’ long-standing sway over a pivotal role in the selling of UK government bonds is under ...
bloomberg.com/news/articles/2024-01-15/banks-could-lose-grip-on-government-bond-sales-uk-s-stheeman-says
LCCI asks FG to tackle inflation: The Lagos Chamber of Commerce and Industry has called on the Federal Government to tackle the country’s growing debt profile
punchng.com/lcci-asks-fg-to-tackle-inflation/
Finance ministry gets $5.6m W’Bank loan for stationery, others: It also got another $39,357, up from the N33,000 initially requested for additional office ...
punchng.com/finance-ministry-gets-5-6m-wbank-loan-for-stationery-others/
Bank of Montreal becomes first new member in over 12 years of exclusive U.K. bond club
financialpost.com/fp-finance/banking/bmo-first-new-member-uk-exclusive-bond-club-12-years
FG seeks $1.5bn loans to shore up naira, boost budget: Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the ...
punchng.com/fg-seeks-1-5bn-loans-to-shore-up-naira-boost-budget/
Watch out, Rachel Reeves: the old guard is ganging up on your borrowing ambitions
theguardian.com/business/2024/jan/13/watch-out-rachel-reeves-the-old-guard-is-ganging-up-on-your-borrowing-ambitions
17m for Bola Tinubu’s Ferry, N1.7b Vehicles for Chief of Staff… More Questionable Contracts in 2023 Lagos State Procurement Records
fij.ng/article/17m-for-bola-tinubus-ferry-n1-7b-vehicles-for-chief-of-staff-more-questionable-contracts-in-2023-lagos-state-procurement-records/
Quick Glance: Dubious Expenditures in 2023 Lagos State Procurement Records
- Funsho Doherty, the governorship candidate of the Action Democratic Party, raised concerns in an open letter to the Lagos State Government about questionable projects awarded to contractors in the second quarter of 2023.
- The procurement records revealed that the state government allocated monies to ministries for projects that were part of their core responsibilities.
- The procurement records disclosed that Lagos State currently has a debt stock of N996,440,044,235.35.
- Some of the poignant expenses include N1.7 billion for purchasing vehicles for the Office of the Chief of Staff’s Carpool, N17 million for refitting Bola Tinubu’s ferry, and N54 million for cleaning and maintaining the statehouse, according to the Lagos State Public Procurement Agency.
APC promises heavy defeat as Atiku eyes 2027 presidential bid: The All Progressives Congress has waved off the reported plan by the Peoples Democratic Party ...
punchng.com/apc-promises-heavy-defeat-as-atiku-eyes-2027-presidential-bid/
Obasanjo faults N88tn debt burden, says relief mismanaged: Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to ...
punchng.com/obasanjo-faults-n88tn-debt-burden-says-relief-mismanaged/
Nigeria, nine others named IFC’s biggest debtors – Report: Nigeria, the most populous country in Africa, ranked among the top 10 debtors on the list of the ...
punchng.com/nigeria-nine-others-named-ifcs-biggest-debtors-report/
Exclusive: UK debt chief says demand back after mini-budget debacle: Demand for British government bonds has recovered from the damage dealt by the market ...
reuters.com/world/uk/uk-debt-chief-says-demand-back-after-mini-budget-debacle-2023-11-22/
Reducing the debt burden an urgent task: According to the DMO, at N87.91 trillion by September 30, the total public debt stock rose only marginally when compared ...
punchng.com/reducing-the-debt-burden-an-urgent-task/
AfDB, DMO seek solutions to Nigeria, others’ debt: The African Development Bank Group and the Debt Management Office have revealed that they are seeking to ...
punchng.com/afdb-dmo-seek-solutions-to-nigeria-others-debt/
Sterling nears three-month high; UK consumers more upbeat: The pound rose on Friday nearing its highest in almost three months, lifted in part by a broad-based ...
reuters.com/markets/currencies/sterling-nears-three-month-high-uk-consumers-more-upbeat-2023-11-24/
Domestic borrowing jumps by 134%, rises to N52tn: The total domestic debt stock may have risen by 133.95 per cent to N51.96tn as of the end of 2023.
punchng.com/domestic-borrowing-jumps-by-134-rises-to-n52tn/
Nigeria, others spend $441bn on debt servicing – World Bank: The PUNCH reports that the external debt stock report of the Debt Management Office showed that ...
punchng.com/nigeria-others-spend-441bn-on-debt-servicing-world-bank/
Commentary: Concerns over China-backed high-speed railway do not derail Indonesia’s agency
channelnewsasia.com/commentary/indonesia-jakarta-bandung-high-speed-railway-china-finance-bri-debt-3895556
Cash-strapped Pakistan secures $655 million Asian Development Bank package: Days after Finance Minister Shamshad Akhtar deemed Pakistans public debt unmanageable ...
firstpost.com/world/cash-strapped-pakistan-secures-655-million-asian-development-bank-package-13477052.html
Exclusive: Suriname hopes to strike debt deal with China by mid-December - minister
reuters.com/markets/suriname-hopes-strike-debt-deal-with-china-by-mid-december-minister-2023-11-08/
DMO offers December FGN savings bonds: The first offer is a two-year FGN savings bond due on 13 December 2025 at an interest rate of 12.287 per cent per annum.
premiumtimesng.com/news/more-news/648799-dmo-offers-december-fgn-savings-bonds.html
Suspend loans to states, SERAP urges World Bank: The Socio-Economic Rights and Accountability Project has urged the World Bank to halt loans to Nigeria's 36 ...
punchng.com/suspend-loans-to-states-serap-urges-world-bank/
MTEF/FSP: Senate bars MDAs from spending IGR: He further directed the office of the Accountant-General of the Federation to collate details of the remittances ...
punchng.com/mtef-fsp-senate-bars-mdas-from-spending-igr/
Govt to start collecting coal levies through state-owned lenders in 2024: The Energy and Mineral Resources Ministry wants managing agency partners (MIPs) to ...
thejakartapost.com/business/2023/11/22/govt-to-start-collecting-coal-levies-through-state-owned-lenders-in-2024.html
Paid articlePaid UK Holds Off on Big Cut to Debt Sales, Weighing on Gilts: Autumn Statement: The UK kept its bond issuance plans little changed for the current fiscal year ...
bloomberg.com/news/articles/2023-11-22/uk-holds-off-on-big-cut-to-planned-debt-sales-weighing-on-gilts
NYC real estate giants on list allegedly used to fast-track FDNY inspections: The document is from June 2022, six months into Adams' tenure as mayor ...
nydailynews.com/2023/11/22/nyc-real-estate-giants-on-list-allegedly-used-to-fast-track-fdny-inspections/
Financial recklessness of Nigeria’s political leaders: Politics ordinarily should be a call to serve. So do politicians tell us during campaigns ...
punchng.com/financial-recklessness-of-nigerias-political-leaders/
CSO laments Nigeria’s rising debt profile: The debt crisis imperils the attainment of the Sustainable Development Goals and achievement of the Paris Climate ...
punchng.com/cso-laments-nigerias-rising-debt-profile/
Nigeria Can't Rely On Borrowing to Fund 2024 Budget - Finance Minister: Mr Edun said the best way Nigeria could fund its budget was to spend more money on ...
allafrica.com/stories/202311170072.html
Thailand to Spread Out Borrowing for $14 Billion Cash Handout: Thailand plans to borrow 500 billion baht ($14 billion) in phases to finance a cash handout ...
bloomberg.com/news/articles/2023-11-15/thailand-to-spread-out-borrowing-for-14-billion-cash-handout
Navy’s N5bn presidential yacht stirs controversy amid mounting debt: The social media space was thrown into a frenzy last week on the discovery of the N5bn ...
punchng.com/navys-n5bn-presidential-yacht-stirs-controversy-amid-mounting-debt/
FG, slow down on borrowing: Tinubu and his team should therefore be creative. There are alternatives to debt. These include privatisation and concession of ...
punchng.com/fg-slow-down-on-borrowing/
SGR burns Sh70bn, leaves taxpayer with loan burden: Kenya Railways Corporation is yet to start wiring money towards the SGR loan repayments.
nation.africa/kenya/business/sgr-burns-sh70bn-leaves-taxpayer-with-loan-burden--4422144
UK Boosts Borrowing to Cover Deficit, Curbing Tax Cut Hopes: The UK boosted its borrowing plans after the government’s budget shortfall overshot forecasts ...
bloomberg.com/news/articles/2024-04-23/uk-budget-deficit-overshoots-in-setback-for-hunt-s-tax-cut-plans
Paid articlePaid Treasury yields hit highest level since 2007 on higher rate fears: Stocks fall and gold rises as Middle East tensions push investors to haven assets
ft.com/content/8e75f00b-b802-4161-a67c-7c51c5ba9f5c
Paid articlePaid Three-year blueprint: FG plans N26tn borrowing, N29tn for debt servicing: Nigeria’s total public debt may hit N118.37tn in the next three years ...
punchng.com/three-year-blueprint-fg-plans-n26tn-borrowing-n29tn-for-debt-servicing/
Cash transfer: FG seeks fresh $400m loan to fund 15 million households: The $400m will bring to $1.2bn the amount that the Federal Government is borrowing from ...
punchng.com/cash-transfer-fg-seeks-fresh-400m-loan-to-fund-15-million-households/
Sukuk loan to hit N892.56bn as DMO seeks fresh N150bn: The Debt Management Office has announced the offering of N150bn Ijarah Sukuk bonds for subscriptions ...
punchng.com/sukuk-loan-to-hit-n892-56bn-as-dmo-seeks-fresh-n150bn/
Nigeria Aims to Emulate OECD Nations in Tax Revenue Collection: The Nigerian government’s efforts to boost revenue will help reduce its loan-service ratio by ...
bloomberg.com/news/articles/2023-10-24/nigeria-aims-to-emulate-oecd-nations-in-tax-revenue-collection
Today's Biggest Headlines
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Here are some of the news that you should not miss this morning:
1. IMF proposes more taxes ... Show more
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Borrowing without due process (2): The first part of this discourse reviewed some of the conditions to be met at all levels of government for a rule-based ...
punchng.com/borrowing-without-due-process-2/
Domestic revenue mobilisation critical for Nigeria – Minister: The Nigerian delegation at the meeting also included the Governor of the Central Bank of Nigeria ...
premiumtimesng.com/news/top-news/633853-domestic-revenue-mobilisation-critical-for-nigeria-minister.html
Deep in debt: Worries over Nigeria’s borrowing spree: The decision of the Federal Government to continue borrowing funds amid the rising and unsustainable debt ...
punchng.com/deep-in-debt-worries-over-nigerias-borrowing-spree/
Today's Biggest Headlines
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1. Nigeria @63: PDP congratulates Nigerians, knocks APC
==== bit.ly/46cRu6P 2. Regional govt best for Nigeria ... Show more
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https://www.facebook.com/punchnewspaper
FG in talks with World Bank for fresh $1.5bn loan: The objective of the loan is to strengthen systems for improved delivery of basic education and primary health ...
punchng.com/fg-in-talks-with-world-bank-for-fresh-1-5bn-loan/
Lower inflation, protect poor citizens, IMF tells Nigeria: The IMF on Tuesday commended the Nigerian government for removing the fuel subsidy but noted that ...
punchng.com/lower-inflation-protect-poor-citizens-imf-tells-nigeria/
Borrowing without due process: According to the Debt Management Office, Nigeria’s total public debt portfolio as of June 30, 2023, stood at N87 ...
punchng.com/borrowing-without-due-process/
Debt servicing gulps N2.34tn in six months – DMO: Nigeria’s debt servicing spending slowed to N849.58bn in the second quarter of 2023, findings by The PUNCH have ...
punchng.com/debt-servicing-gulps-n2-34tn-in-six-months-dmo/
External debt rises to N13tn over naira depreciation: Nigeria’s weak naira has pushed the country’s external debt up by N13.38tn; findings by The PUNCH have ...
punchng.com/external-debt-rises-to-n13tn-over-naira-depreciation/
Government bonds deemed suitable: The Public Debt Management Office (PDMO) says the issuance of government bonds in fiscal 2024 will be at an appropriate level ...
bangkokpost.com/business/general/2650966/government-bonds-deemed-suitable
23 states grow foreign loans by 64%: TWENTY-Three Nigerian states grew bilateral loans by 64.26 per cent in six months to $462.81m as of the end of June.
punchng.com/23-states-grow-foreign-loans-by-64/
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