Tag: DMO

N130bn Sukuk listed on NGX, FMDQ - DMO
Business

N130bn Sukuk listed on NGX, FMDQ – DMO

The Presidency’s Debt Management Office announced the listing of N130 billion in sovereign sukuk on the Nigerian Exchange and FMDQ on August 8, 2023. This information was provided in a statement from the debt management office. The successful oversubscription of the N100 billion launched in November 2022 led to the listing of this security. This […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Economy

Nigeria to pay off $500 million Eurobond loan in July – DMO

Nigeria is set to redeem a $500 million Eurobond this month, although the country still faces numerous economic difficulties. According to information from the Debt Management Office, the bond was purchased at a coupon rate of 6.375% annually five years ago and the $500 million Eurobond loan is now due for repayment this month in accordance with its […]

Business

How debt servicing increased to N1.24tn in Q1 2023 – Report

Nigeria’s debt servicing costs rose by 55.71% to N1.24 trillion in just three months. According to The Punch, data from the Debt Management Office shows that between October and December 2022, Nigeria spent N406.77 billion on servicing domestic debt and N143.74 billion on servicing overseas debt, for a total of N550.51 billion. However, between January […]

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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 […]

Debt Management Office,Nigeria
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 […]

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 […]

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 […]

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 […]