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DEBT MANAGEMENT OFFICE
Nigeria’s total debt service payments dropped significantly from $540 million in January 2025 to $276 million in February...
The Debt Management Office (DMO) has launched the March 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 17.635% per annum.
The Federal Government of Nigeria is planning to raise not more than N1.8 trillion from the bond market in the first quarter of 2025, according to the Debt Management Office (DMO).
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the subscription window for the Federal Government Savings Bonds (FGN Savings Bonds) for January 2025.
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has revealed a 283.42% oversubscription worth N1.47 trillion for the 364-day Treasury Bills at the auction on January 8, 2025.
The Federal Government has raised over N346.155 billion at its November 2024 bond auction, reflecting higher allotments despite a reduction in the amount offered.
The Federal Government plans to allocate a significant portion of its budget to debt servicing between 2025 and 2027, outpacing allocations for capital expenditure.
Nigeria’s debt-to-GDP ratio rose to 55% as of June 2024, marking a significant increase from 42.4% in December 2023.
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the issuance of bonds worth N120 billion for November 2024.
The latest data from the Debt Management Office (DMO) shows that external debt for the states and the Federal Capital Territory climbed from $4.61 billion to $4.89 billion, reflecting a 6.14% increase between December 2023 and June 2024.
The domestic debt of Nigeria’s 36 states and the Federal Capital Territory (FCT) increased by N198.96 billion within three months.
This article gives a detailed analysis of the top 10 Nigerian states with the highest domestic debt as of Q2 2024: