Gov. Alex Otti of Abia has disclosed that his administration has paid N72 billion from the N138 billion debt it inherited from past administrations on assuming office. Otti made this known during a monthly media briefing on Wednesday at the…
The Debt Management Office (DMO) has published the outcome of the April 2025 Federal Government of Nigeria (FGN) Bond Auction, revealing a total allotment of N397.898 billion across two re-issued bonds, the 19.30 per cent FGN APR 2029 (5-Year Bond)…
By Seun Ibiyemi Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023. This was disclosed by the Debt Management Office (DMO) in its most…
By Seun Ibiyemi The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said…
The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said this on Wednesday…
The Debt Management Office has allotted a total of N271.2bn in the Federal Government’s bond auction held on March 24, 2025. The allotment includes N4.686bn for the 19.30 per cent FGN April 2029 re-opening (five-year bond) and N266.542bn for the…
By Seun Ibiyemi The Debt Management Office (DMO) on Thursday unveiled Stanbic IBTC Stockbrokers Ltd. as the new stockbrokers of the Federal Government. This is coming after the expiration of the tenure of CSL Stockbrokers Ltd., a subsidiary of First…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds for subscription by interested investors. The DMO, in its offer circular on Monday, said that the first offer was an April 2029 FGN…
…Offers up to 18.24% The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the subscription window for the Federal Government Savings Bonds (FGN Savings Bonds) for January 2025. This initiative invites both individual and institutional investors…
Debt Management Office (DMO) has said that the Federal Government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations. DMO in a statement said Nigeria’s debt management practice is in accordance with relevant legislations and…
