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Tag: DMO

featured Finance

States must follow law in borrowing, DMO insists

The Debt Management Office has called on state governments to strictly adhere to the provisions of the Fiscal Responsibility Act and other applicable laws when undertaking borrowing activities. The Director General of the Debt Management Office, Ms Patience Oniha, gave the charge at a workshop on borrowing guidelines organised for officials of state governments in […]

Business

DMO opens December 2025 FGN savings bond subscription

The Debt Management Office has launched its December 2025 subscription for the FGN Savings Bond, offering 2-year and 3-year tenors. The 2-year bond, maturing on December 10, 2027, comes with an annual interest rate of 12.838 per cent, while the 3-year bond, due December 10, 2028, offers 13.838 per cent per annum. This is contained […]

Finance

DMO targets N500bn bond sale, expands domestic borrowing

Nigeria’s Debt Management Office is scheduled to seek to raise between N400 billion and N500 billion on Monday, November 24, 2025. This will be achieved through the reopening of two benchmark Federal Government of Nigeria bonds, an action that represents a significant expansion from the initial issuance plan outlined earlier in the quarter. The revised […]

Nigerians to present BVN, NIN for dollar bond subscription
Business

DMO unveils N460bn auction of existing govt bonds

The Debt Management Office has unveiled a new auction offering, featuring the re-opening of two existing Federal Government Bonds with a total value of N460 billion. Set for November 24, 2025, the auction aims to bolster domestic borrowing, improve market liquidity, and provide budgetary support through long-term, low-risk securities. As outlined in the official offer […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Business

DMO opens subscription for November 2025 FGN savings bond

The Debt Management Office has opened subscriptions for the November 2025 issuance of the Federal Government of Nigeria Savings Bond. The bond offers investors competitive interest rates and a secure platform to support national economic growth. According to details published on the DMO’s website on Monday, the offer includes a 2-Year FGN Savings Bond due […]

Finance

DMO urges states to adopt sustainable debt management practices

The Debt Management Office on Tuesday urged sub-national entities in Nigeria to ensure effective debt management practices to ensure sustainable economic development. The Director-General of the DMO, Patience Oniha, gave the advice at a World Bank assisted workshop on “Borrowing Guidelines for Top Policy Makers” in Lagos. Oniha said the workshop was informed by the […]

News

DMO unveils FGN bonds offer for December

The Federal Government has opened subscriptions for the December 2024 issuance of the FGN Savings Bonds through the Debt Management Office. The FGN Savings Bonds initiative, designed to foster national investment, invites both individual and institutional investors to subscribe from December 2 to December 6, 2024. The December 2024 FGN Savings Bond offers two options: […]

News

Nigeria’s public debt soars to N134.3tn in Q2 2024

Nigeria’s public debt stock has surged to N134.3 trillion ($91.3 billion) as of the end of the second quarter of 2024, marking a 10.35% increase from N121.7 trillion ($91.5 billion) in the first quarter, according to the Debt Management Office. An official document from the Ministry of Finance, indicates that this rise is primarily attributed […]

CBN warns public against fake contracts, grants, intervention fund scams
featured News

FG releases list of licensed Deposit Money Banks

The Central Bank of Nigeria has unveiled a comprehensive roster of licensed Deposit Money Banks currently operating within the country, shedding light on the banking landscape in Nigeria. The list, which was publicly disclosed on the CBN’s official website on Tuesday, provides valuable insights into the various players in the Nigerian banking sector. Among the […]

News

DMO unveils May FGN savings bond rates

The Debt Management Office has announced that the federal government of Nigeria is offering bonds for May. This was disclosed in a circular posted on the official X handle of DMO on Monday. According to the announcement made by DMO, the bond offering comes in two categories. The 2 years and the 3 years saving […]

Lagos tops list of states with most external debt
featured News

Lagos tops list of states with most external debt

The Debt Management Office recently revealed that the total external debt stock of the 36 states and the Federal Capital Territory reached $4.61 billion by December 31, 2023, up from $4.46 billion recorded in the previous year. Over the span of one year, the foreign debt of the 36 states and the FCT saw a […]

Nigeria’s debt profile rises to N97.34trn
News

Nigeria’s debt profile rises to N97.34trn

The Debt Management Office has revealed an increase in Nigeria’s public debt, rising by 10.7% to N97.34 trillion in the fourth quarter of 2023, compared to N87.91 trillion recorded in the previous quarter. This surge in debt levels was primarily driven by new domestic borrowing initiatives by the Federal Government, aimed at partially financing the […]

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