By Sodiq Adelakun In a financial twist, Nigeria has reportedly spent a whopping N2.34 trillion on debt servicing within just six months. This eye-popping figure comes courtesy of a new report by the Debt Management Office (DMO), which has shed…
The Debt Management Office (DMO) experienced a positive growth in its treasury bills (T-bills) sales, with a total value of N406.10bn sold across auctions in July 2023. This marked a 0.39 per cent increase compared to the N404.51bn sold in…
The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August, Federal Gover nment of Nigeria (FGN) bond auction. The DMO made this known in a statement released through its official website on Tuesday.…
By Sodiq Adelakun The Debt Management Office, on behalf of the Federal Government of Nigeria (FGN), has offered for subscription four FGN bonds for August 2023 via auction. According to the offer circular released recently by DMO, the first is…
By Sodiq Adelakun The Debt Management Office (DMO) plans to increase its capital market offering by listing its N130 billion Sovereign Sukuk on the Nigerian Exchange Ltd. (NGX) and the FMDQ Securities Exchange Ltd. This was contained in a statement…
By Matthew Denis The Federal Government through the Debt Management Office (DMO) has redeemed a total of $500 million Eurobond on its due date on July 12, 2023. This was contained in a statement made available to Nigerian NewsDirect on Wednesday. The…
By Seun Ibiyemi The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) Savings Bonds for subscription for July, at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is a…
The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) Savings Bonds for subscription for July, at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is a two-year FGN Savings…
The Debt Management Office has indicated plans to issue Federal Government of Nigeria (FGN) bonds valued at N1.2 trillion in its third quarter “Bond Issuance Calendar” for 2023. According to the calendar, on July 17, the DMO will re-open a…
Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24 trillion in three months. In a report obtained by the Debt Management Office (DMO), between October and December 2022, Nigeria spent N406.77 billion on domestic debt servicing, while it…
