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…