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…
By Sodiq Adelakun The Debt Management Office (DMO), has warned the Federal Government against embarking on more borrowing, stating that 73.5 per cent of revenue generated this year will be used to service debt. The office noted that the projected…
By Seun Ibiyemi The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) Savings Bonds for subscription at one thousand Naira per unit. The DMO announced the bonds offer in Abuja on Monday. It listed the first…
The Debt Management Office has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement lauded the judgement that ordered the present regime led by the…
By Seun Ibiyemi The Debt Management Office (DMO) says investment in Federal Government of Nigeria (FGN) Securities is a way of contributing to national development. The Director-General of the DMO, Patience Oniha, said this on Thursday at the FGN Securities…
The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this on Sunday in Abuja. According to Oniha, a review of…
The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency of Nigeria (NAN) on Sunday in…
The Debt Management Office (DMO) has assured Nigerians that Federal Government of Nigeria (FGN) Securities are the most rewarding naira denominated investment. The Director-General of the DMO, Patience Oniha, gave the assurance on Thursday in Port-Harcourt, during the FGN Securities…
By Sodiq Adelakun The Debt Management Office revealed that Federal Government will begin repayment of principal to service the loans from the Central Bank of Nigeria through the Ways and Means Advances will begin in four years. This was according…
