DMO
Nigeria’s debt profile hits N87.9trn
The N87.91 trillion total debt stock represents a marginal increase of 0.61 percent, when compared to the June figure of N87.38 trillion. Nigeria’s...
Fuel Subsidy: Need for Labour to tread softly, Softly
The Labour Movement in Nigeria is up in arms against the Federal Government following the removal of subsidy on petroleum products by the...
Nigeria’s debt shoots up to N46.25trn
Nigeria’s debt has skyrocketed to N46.25 trillion from N39.56 trillion in 2022, the Debt Management Office (DMO) disclosed in Abuja on Thursday. The...
N5.28trn owed by states: Lagos State leads them all with N797.3 bn
Of the N5.281 trillion owed by the states in the country, Lagos State has topped the list of highly indebted states with about...
Debt Management Office announces resumption of FG’s savings bond
Following the suspension of the monthly offer of the Federal Government Savings Bond in April, the Debt Management Office (DMO) has announced its...
Nigeria’s debt profile grew by N560bn in Q1 2019
Nigeria’s debt profile for the first quarter of 209 rose by 2.3 percent to reach N560bn, the country’s Debt Management Office (DMO) said...
Cost of servicing Nigeria’s debt grew 23.65% in 2018, as country grapples with struggling economy
Although Africa’s biggest economy’s total outstanding domestic debt currently stands at N12.4 billion, down from N12.59 billion in 2017 on the Nigerian government’s...
Nigeria plans 30-year FG bonds in Q2 as country’s debt profile grows 12%
Nigeria’s debt profile grew 12.25 percent, from N21.72 trillion in 2017 to N24.37 trillion ($79.437 billion) in 2018, driven by issuance of promissory...
DMO offers FG bond for as low as N10,000
The Debt Management Office says it is now offering the general public an investment option in bonds as low as N10,000, which will...
Nigeria trapped in debt: N21 trillion debt not a problem, says DG DMO…IMF disagrees.
By Victoria Ayuwei The Nigerian government has a lot of debt, about N21.3 trillion as at December 2017. That’s a huge, intimidating number on...
Former DMO boss says 45 percent of funds for basic education in Nigeria misused
The immediate past Director General of Nigeria’s Debt Management Office, DMO, Dr. Abraham Nwankwo, on Monday said that 40 – 45 percent of funds meant...
DMO set for next stage of refinancing domestic debt
The debt management office Thursday announced that the planned external financing of USD2.50 billion is for the refinancing of maturing domestic debt obligations...
Debut sovereign green bond offer oversubscribed
The Debt Management Office (DMO) has raised N10.791 billion in 5-year bonds, accepting over N700 million in over subscriptions. The Debt office announced...
FG set to issue debut Green Bond in domestic market
The Debt Management Office (DMO) has announced that, as part of the preparations towards the Issuance of the first Sovereign Green Bond, it...
Nigeria’s Total Public Debt Stock Stands at N20.373 trillion
The Total Public Debt Stock released by the Debt Management Office revealed that the Total Public Debt Stock comprising the Federal Government, States and Federal...
Fed Govt. raises N6.69b through Monthly Savings Bond
[dropcap]T[/dropcap]he Federal Government in pursuit of its objective of financial inclusion by attracting retail investors into the Bond Market, has generated a total...
