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Tag: DMO

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 […]

Business

DMO opens FGN bonds offer for March at 16.09%

By Melvin Onwubuke The Debt Management Office has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an interest rate of up to 16.097%. This was disclosed in a statement on DMO’s official website on M jgonday. The subscription period is set to last for five days, […]

Business

Nigeria’s external debt drops by $1.57bn in Q3 – DMO

The overall external debt stock of Nigeria fell by $1.57bn in the third quarter of 2023, from $43.16 billion to $41.59 billion as of September 30, 2023. The Times reported that this is according to the Debt Management Office’s third-quarter public debt report. The cause for the reduction, according to the statement, is the redemption of […]

Business

Nigeria’s public debt hits N87.3trn Q2 2023- DMO

Nigeria’s overall public debt increased to N87.38 trillion by the end of the second quarter of 2023, according to the Debt Management Office. According to The Times, when compared to the N49.85tn reported at the end of March 2023, this statistic shows a significant rise of 75.29 percent or N37.53tn. In a recent report, the DMO […]

Business

How DMO sold N406bn treasury bills in July – Report

The Debt Management Office sold off treasury bills worth N406.10 billion in July 2023. The Punch reported that the value of T-bills sold across its auctions in June increased by 0.39 percent (N1.59 billion) month on month to 404.51 billion. The FMDQ Exchange financial markets monthly report for July, which was released on Wednesday, indicated this. […]

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