Public Debt
FG’s debt service to revenue tops 183% in 2023 Q1
The federal government’s debt service to revenue ratio rose to 183% in the first quarter 2023according to data from the...
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Investors over subscribe FGN sukuk bonds by 435%
DMO has stated that the recent GFN sukuk bonds offer was oversubscribed by 435%.
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DMO reopens FGN bonds subscription offer at 15.70%
DMO has reopened subscription offers for 10year, 15year and 30year FGN bonds for April 2029, June 2033, June 2038.
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FISCAL CRISIS: Nigeria records debt service to revenue ratio of 97% in 2022, fiscal deficits balloon to N7.5 trillion
The Federal Government ended 2022 with a fiscal deficit of N7.5 trillion or 129% of actual revenue collected.
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Oxfam warns of $220 billion budget cuts in emerging economies due to debt crisis
Oxfam International has reported that emerging economies, including some of the world's most impoverished nations, are poised to undergo budget...
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N150 billion Sukuk to fund 53 road projects, says DMO
Ms Patience Oniha, has stated that the FG will utilize the ongoing N150 billion Sukuk issuance to fund some 53...
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DMO projects N1.2trillion bond issuance for 2023 last quarter
DMO has announced plans to raise up to N1.2 trillion in debt by re-issuing federal government bonds.
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DMO opens offer for FGN savings bonds with up to 12% interest
The DMO has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for October.
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Food prices surge in Nigeria as rice up by 62.68%, beef by 30.75% in August 2023 – NBS
NBS Food Price Watch report shows that there was a continuous increase in food prices for the month.
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New Loans: We have budgetary approval for N1.7 trillion in new external borrowing-DMO
The Debt Management Office (DMO) Nigeria has said that it has budgetary approval for N1.7 trillion external debt borrowing.
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