The Debt Management Office (DMO) has announced an offer of two FGN savings bonds for subscription at N1,000 per unit. According to a statement by the DMO on Wednesday in Abuja, the first offer is a two-year FGN savings bond due on July 16, 2027, at 15.762 per cent interest …
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Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024. The latest figures from the Debt Management Office (DMO) also indicate a quarter-on-quarter increase of …
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THE Debt Management Office (DMO) has announced that the Nigerian government has successfully raised a total of N1.09 trillion through the Sovereign Sukuk since its debut in 2017. The funds have been allocated towards critical infrastructure projects, including roads and bridges, across the country. Speaking during an “all-parties meeting” for …
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NIGERIA’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and domestic obligations, reflects the significant impact of exchange rate depreciation on external borrowings when converted to naira terms. …
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THE Debt Management Office has assured Nigerians that the Federal Government has made adequate budgetary provisions to meet both domestic and foreign debt servicing obligations for 2025. According to the DMO, the proposed 2025 budget, currently before the National Assembly, allocates ₦16.327trn—out of a total proposed expenditure of ₦49.7trn—to debt …
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THE Federal Government has raised over N346.155 billion at its November 2024 bond auction, reflecting higher allotments despite a reduction in the amount offered. The auction, conducted by the Debt Management Office (DMO) on November 18, 2024, featured reopenings of the 19.30% FGN APR 2029 (5-Year Bond) and the 18.50% …
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NIGERIA could raise up to $30 billion from its maiden foreign currency-denominated bond issuance planned for June, Patience Oniha, director-general of the Debt Management Office has said. The $30 billion is about the estimated size of dollar assets within the country’s local banking industry. Authorities said the sovereign domestic foreign …
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Eben Enasco Reporting. HALLOWEEN has been particularly dank in Nigeria this year, with rain tumbling down and the darkness enveloping the citizens before the day had truly begun owing largely to the steady surge in the cost of living that is killing the living. If the ecosystem wanted to reflect …
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NIGERIA’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year. It is an increase of 20.36 per cent from the second quarter of 2022 to Q2 2023, according to an analysis of the …
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•How CBN loans to FG, new debts, promissory notes raise public debt by N37tn between April and June •Tinubu’s reforms will improve debt sustainability, DMO assures Nigerians as latest figure overshoots agency projection by N10tn The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end …
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