Tag: Debt management Office (DMO)
FG offers 2 savings bonds for subscription at N1,000 per unit
FGN savings bonds are backed by the full faith and credit of the FGN, and charged upon the general assets…
Nigeria’s N24 trillion debt normal, within limit – DMO
According to her, there is also the interest rate and new borrowing of N2.81 trillion as part of the N6.06…
Zamfara faults DMO, denies taking N14.2b loan
“The bond balance, which is still in a government account, has not been used and will be reserved for the…
DMO offers N150bn Sukuk bond
Sukuk were offered at N1,000 per unit, subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter.
DMO records N312bn subscription in August bond auction
By Kadiri Abdulrahman The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August,…
DMO lists N130bn sukuk on NGX, FMDQ
By Kadiri Abdulrahman The Debt Management Office (DMO) plans to increase its capital market offering by listing its N130 billion…
Nigeria’s public debt hits N49 trillion
Nigeria’s total debt for the preceding period 0f Dec. 21, 2022 was N46.25 trillion (103 billion dollars), indicating an increase…
Budget deficits, low revenue responsible for rising debt – DMO
According to her, a review of Nigeria’s fiscal data shows that not only has the government operated budget deficits which…
Nigeria oncourse with China debt repayments – DMO
A recent news report quoted the DMO as saying that Nigeria failed to fully service its debt to China, which…
DMO offers FGN savings bonds at N1,000 per unit
According to the DMO, the first offer is a two-year FGN Savings Bond due on April 12, 2025, with an…
Nigeria’s debt stock hits N46trillion – DMO
For December 31, 2021, the comparative debt stock is N 39.59 trillion (95.77 billion dollars). Total domestic debt stock was…
DMO auctions 4 FGN bonds valued at N360bn
It added that they were backed by the full faith and credit of the Federal Government and charged against the…
DMO raises N615bn Sukuk funds
According to the director general, the funds have been allocated to seven selected projects in various sectors such as renewable…
2023: Gombe Govt releases total debt figure
According to him, the state’s debt profile currently is N120 billion and “this is verifiable and accessible to everyone who…
Nigeria’s public debt hits N44.06trn – DMO
Data from the DMO’s external and domestic debt servicing also showed that the country spent N1.17 trillion on debt in…
DMO issues 2 federal government savings bonds
These bonds are backed by the full faith and credit of the Federal Government of Nigeria, and charged upon the…
DMO re-opens 3 federal bonds
The bonds are offered at N1,000 per unit, subject to a minimum subscription of N50 million, and in multiples of…
DMO releases another N72bn borrowing plan
According to the calendar, on Oct. 17, the DMO will re-open a 14.55 per cent, April 2029 bond valued at…
Nigeria’s public debt stock hits N42 trillion
The total debt represents the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 State…
DMO announces N720bn borrowing plan
The office also reviewed its bonds' issuance calendar for the third quarter of 2022.
DMO auctions 3 FGN bonds worth N225bn
According to the statement, the first offer for N75 billion had been previously issued and has a maturity date of…
DMO lists N250bn Sovereign Sukuk on NSE, FMDQ
The listing is done to maximise market liquidity for investors in the Sovereign Sukuk, according to the Debt Management Office…
DMO releases Sukuk rental payment calender
According to the calendar, there is the 16.47 per cent FGN Sukuk 2024, issued on Sept. 26, 2017, which has…
Buhari reappoints Patience Oniha as DG, DMO
According to the Presidency, the reappointment was in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC)…
Nigeria redeems $300m diaspora bond – DMO
According to the statement, the diaspora bond was issued on June 27, 2017, for a tenor of five years in…
Nigerian stakeholders worry over rising debt
A breakdown of Nigeria’s public debt stock shows that 37.82 per cent is external, while the balance of 62.18 per…
DMO receives 300 bids for FGN bonds
The bonds were offered at N1, 000 per unit with a minimum subscription of N50 million, and in multiples of…
Government borrowings not necessarily bad, says DMO
The Debt Management Office (DMO), said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily bad.
Lagos, Kaduna, Cross River, Edo most indebted states: DMO figures
According to the DMO, Nigeria's total public debt grew to N39.556 Trillion or $95.779 Billion by December 2021.
Nigeria raises $1.25bn through Eurobonds as debt hits N41.026trn
Nigeria has officially raised 1.25 Billion dollars through the issuance of seven-year Eurobonds in the International Capital Market (ICM).