The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented subscription of over N865 billion. Director-General of the DMO, Ms Patience Oniha made this known in a statement on Saturday. Oniha said that the…
The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars, constitutes only 9.4 per cent of the country’s total foreign debt stock of 37.9 billion dollars. Ms Patience Oniha, the…
The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. A statement on DMO’s website indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the…
The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the December 2021 Federal Government Savings Bond to investors. This disclosure is contained in a circular issued by the DMO and can…
The Debt Management Office (DMO) has raised a total of $15.668 billion for the Federal Government to fund its budget deficit in a period of 10 years – from January 2011 to September 2021. Director-General of the Debt Office Ms…
Debt Management Office/ (DMO) has asserted that debt pulled Nigeria out of recession twice, making it a major propeller of growth. This was disclosed by the Director-General of the/ DMO, Patience Oniha at a workshop on executive leadership. According to…
Nigeria spent N1.47trillion on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the country spent N1.02trillion on both domestic and external debt servicing,…
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From April to June 2021, Nigeria spent N322.7bn on domestic debt servicing, while $299m (N122.7bn)…
The Debt Management Office of Nigeria (DMO) has reported a surplus of N1.31 billion for the 2019 financial year. This represents a 144.1per cent increase in profit compared to N538.4 million recorded in the previous year. This is according to…
The Debt Management Office (DMO), has said International Development Association (IDA)’s Debt Stock stands at $11.7 billion. IDA loans represent one of the most favourable borrowing options for countries like Nigeria are also consistent with the Medium Term Debt Management…
