DMO launches April FGN savings bond with 17.046% interest
The Debt Management Office of Nigeria has launched the subscription for the April 2025 FGN Savings Bond, offering interest rates of up…
Debt Management Office
Nigeria’s public debt rises to N144.67 in December 2024
Nigeria’s public debt surged by 48.58%, reaching N144.67 trillion ($94.23 billion) as of December 31, 2024, up from N97.34 trillion ($108.23 billion)…
FG to raise N150bn from bond market in Sept 2024
The Federal Government, via the Debt Management Office is set to raise N150 billion from the bond market in September 2024. This…
Nigeria’s public debt soars to N97.34tn — DMO report
The Debt Management Office of Nigeria has revealed that Nigeria’s public debt has surged to N97.34tn as of the fourth quarter of…
FG recovered N58bn from 7,000 debtors – Report
In over 946 ministries, divisions, and organisations across the country, the Federal Government has taken action against its debtors and has…
Buhari regime to leave N77trn debt – DMO
The Debt Management Office has declared that the outgoing administration of the President, Major General Muhammadu Buhari (Ret’d.), will be leaving behind…
DMO announce 2023’s first savings bond offer
The Debt Management Office has announced two Federal Government Savings Bonds for subscription as its first bonds issuance for 2023. In…
Rising debt affecting investment in infrastructure, others – DMO
The Director General of the Debt Management Office, Patience Oniha, has said that high debt levels lead to high debt services and…
Debt servicing draws Nigeria closer to Lebanon crisis
Nigeria is edging closer to a Lebanon financial crisis that has caused the country to see a high rate of poverty, inflation,…
Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report
Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to…
How Nigeria can lower debt service-to-revenue –DMO
The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya,…
Rising govt debt caused by increasing budget deficit - DMO
The Debt Management Office has said that the reason for Nigeria’s rising government debt levels is due to increasing budget deficits over…