Tag Archives: DMO

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at ₦1,000 per unit. According to a statement by the DMO on Monday in Abuja, the first offer is a two-year FGN savings bond due on August 21, 2026, at an interest rate …

The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March. The Director-General of the DMO, Patience Oniha, made this known in a statement on Friday in Abuja. Oniha said that the debt stock comprised the total external and domestic debts of …

Sovereign bonds worth N450 billion will be auctioned at the primary market on Monday, March 18, 2024, by the Debt Management Office (DMO) on behalf of the Nigerian government. The debt office is offering the paper for sale today in three tenors, with two re-opening and one being a new …

Unless the Monetary Policy Committee (MPC) makes a U-turn on its aggressive monetary tightening, the Federal Government may pay as much as N4.65 trillion servicing its debt held by the Central Bank of Nigeria (CBN) this year. As at the end of last year when President Muhammadu Buhari sought the …

The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its FGN Bonds issuance calendar for Q1 2023. Among other things, the calendar shows that the DMO will sell between …

Investment in the FGN Savings Bonds rose by 53 per cent, year-on-year, YoY, to N7.5 trillion in the first half of the year (H1’22), from N4.9 trillion in the corresponding period of last year (H1’21). Analysis showed that the sharp increase in investors’ patronage for FGN Savings Bonds in H1 …

The Nigeria’s total debt stock has increased by N6.7 trillion from N32.9trillion as of December 2020 to N39.6 trillion in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and …

The Debt Management Office (DMO) on Monday offered additional Federal Government bonds for subscription at N1,000 per unit, according to information published on its website. The DMO said that the offer was for the Federal Government of Nigeria Savings Bond with the following details:   “Two-year FGN Savings Bond due …

…As $719.61m used to service Chinese loans since inception in 2015 The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office (DMO) on Monday showed. According to the statistics obtained from the DMO, Nigeria’s total debt from China as of June …

Nigeria’s total public debt rose to N32.9tn at the end of December 2020, the Debt Management Office said in a statement on Monday. From its last report on public debt, the figure stood at N32.2tn as of the end of September 2020, which showed an increase of N700bn. The DMO …