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DEBT MANAGEMENT OFFICE (DMO)
The Debt Management Office says the Federal Government savings bond has recorded a total of N13.44bn investment since its inception in March 2017.
Nigeria’s public debt stock grew marginally by 2.30% to N24.95trn (US$81.27bn *exchange rate of N306.95/US$) as of the end of March 2019 from N24.39trn as of December 2018, data released by the Debt Management Office (DMO) revealed.
Doesn’t it feel good to be a lender of money? Yes, it does, especially if you know the borrower is creditworthy and would repay you with interest as at when due. The Central Bank of Nigeria could always borrow money from you and repay you when the time is due.
The Federal Government, rising from its Federal Executive Council meeting on Wednesday, concluded plans to take a fresh $1 billion foreign loan facility aimed at bankrolling the Gurara II Hydropower project.
FG have disclosed that the country's infrastructure was not mortgaged in the loan agreement between the country and China-Exim bank.
The impact of government's debt size on a country's growth has been widely debated and this has generated rows among economists and policymakers.
Once government debt reaches a certain size, it really drags on long-term economic growth. It can also drag on the creditworthiness of the government.
Nigeria's total external and domestic debts rose to N24.387 trillion in 2018. It has been revealed that the total Public Debt grew by 12.25%.
The DMO allotted the sum of N116.98bn to some 109 individuals whose bids were successful during the the Federal Government's January 2019 bonds auction.
The Debt Management Office (DMO) has released details for the January 2019 FGN Savings Bond offer.
The Federal Government of Nigeria, through the Debt Management Office, (DMO) will start auction of the new Federal Government Bond Reoffer for the month of December
The Debt Management Office (DMO) on behalf of the Federal Government, today opened an offer for subscription of a N100 billion Sukuk bond. Proceeds will be used for the construction and rehabilitation of key roads across the six geopolitical zones of the country.