Tag Archives: FGN bonds

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 …

In continuation of efforts to fund the N6.4 trillion deficit spending in budget 2022, the Federal Government borrowed N2.2 trillion from local investors in the first quarter of the year, Q1’22, through FGN Bonds, treasury bills and the FGN Savings Bonds. The amount borrowed however represents an 8.6 per cent …

The Central Bank of Nigeria (CBN) has said Federal Government spent N1.03trillion on debt servicing in the first quarter (Q1) of 2021 compared with N779.73 billion in the corresponding period of 2020. The apex bank in its Economic Report for April 2021 attributed the surge in the government’s debt servicing …

The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt servicing  and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services and payments. According to the apex bank international payments data, $617.5million was spent …