The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing was N7.71 trillion in the first quarter of 2024. The fresh borrowing includes N2.81 trillion as part of the new domestic borrowing of N6.06 trillion provided in the 2024…
The Debt Management Office says the rise in Nigeria’s public debt stock from N97.34 trillion in December 2023 to N121.67 trillion in March is partly due to exchange rate fluctuations. The Director-General of DMO, Patience Oniha, said this in an…
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn (108.23bn) as of December 2023. The Debt…
The Debt Management Office (DMO), on Thursday announced a re-opening of three FGN savings bonds worth N450 billion for subscription by auction. Announcing the offer in Abuja, the DMO said that the bonds were offered at N1, 000 per unit…
The Debt Management Office (DMO) has, again, sought the support of primary dealer market makers (PDMM) to raise more financing for Nigeria’s domestic debt plan. The DMO has an outstanding N1.5 trillion to raise from the Federal Government’s proposed N6…
Nigeria’s Debt Management Office (DMO) sold N378 billion in FGN bonds yesterday despite facing higher than offered demand for the bonds, indicating the government is slowing down on borrowing cost. Analyst at Afrinvest West Africa, Segun Adams said that at…
The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion each for subscription at N1,000 per unit. According to a release by the DMO, the first offer is the five-year re-opening of…
The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion each for subscription at N1,000 per unit. According to a release by the DMO, the first offer is the five-year re-opening of…
The Debt Management Office (DMO) has announced the issuance of bonds worth N450 billion in its upcoming auction scheduled for May 13, 2024. The offering forms part of the government’s monthly bond auction, aimed at supporting national financial requirements while…
The Debt Management Office (DMO) has opened the subscription offer for May FGN savings bonds, priced at N1,000 per unit. The two-year savings bond maturing on May 15, 2026, is to be offered at an interest rate of 17.407 percent…
