DMO Archives

Finance experts react as DMO warns FG not to take on further debt

Financial experts have reacted as the Debt Management Office advised the Federal Government against taking on more debt, claiming that this year’s revenue would be utilized to service debt to the tune of 73.5%. According to Vanguard, the DMO claimed that the estimated federal government debt service to revenue ratio of 73.5% for 2023 is […]

bfatoyepdnlimited-com
22nd June 2023
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120 Views

Business

Private sector predicts more hardship as national debt hits N46trn

Members of Organised Private Sector and economists have predicted more hardship for Nigerians and organizations as the total public debt stock increased to N46.25tn in the last of 2022. This comes after the announcement of the the Debt Management Office on Thursday that revealed that Nigeria’s total public debt stock increased to $103.11bn in the […]

oojopdnlimited-com
31st March 2023
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152 Views

Business featured

DMO to auctions N360bn FG bond Monday

The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued at N360 billion for subscription through auction. DMO said the first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at […]

oojopdnlimited-com
20th March 2023
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183 Views

Business

FGN savings bond up for N1000 per unit – DMO

The Debt Management Office on Monday announced the offerings for subscription and authorized application for the savings bonds at N1,000 per unit to prospective bond holders. This was according to an issued statement on the organisation’s official website on Monday 6, 2023. A Federal Government Bond is considered the safest of all the investments in […]

oojopdnlimited-com
6th February 2023
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235 Views

News

DMO put bonds worth N360bn on auction

Bisola David Four Federal Government of Nigeria bonds valued at N360 billion have been made available by the Debt Management Office for subscription via auction at N1,000 per unit. According to The Punch, a circular from the DMO states that the bonds being offered are a 10-year, N90 billion FGN bond with a new opening […]

oamudipepdnlimited-com
25th January 2023
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167 Views

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