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DEBT MANAGEMENT OFFICE
The two-year savings bond maturing on May 15, 2026, is to be offered at an interest rate of 17.407% per annum. And the three-year savings bond with a maturity date of May 15, 2027, features an interest rate of 18.407% per annum.
The Federal Government has raised N475.67 billion in its March bond auction, capitalising on the current rally in rising rates.
The auction, conducted on March 18, 2024, by the Debt Management Office (DMO), attracted an overwhelming interest from investors, demonstrating their confidence in the nation’s economic stability and growth potential.
The Federal Government seeks to borrow N450 billion from its third FGN bond auction of 2024, according to the latest circular from the Debt Management Office (DMO).
Nigeria has spent about 277.64% more servicing its external debt in the third quarter of 2023, according to the latest data from the Debt Management Office (DMO).
Ms Patience Oniha, has stated that the FG will utilize the ongoing N150 billion Sukuk issuance to fund some 53 road projects.
The debt service to revenue ratio is a measure of how much of a country's revenue is used to pay interest and principal on debt.
DMO revealed Nigeria has one of the lowest government revenue-to-GDP ratios in Africa.
The Debt Management Office (DMO) has revealed that the Federal Government of Nigeria (FGN) Savings Bond has received a total subscription of N45.135 billion between its inception in 2017 and 2022.
The DMO has announced two Federal Government of Nigeria (FGN) savings bonds for subscription, its first bond issuance for 2023
The Commissioner also noted that the state government has used its debt to conclude some projects
Sukuk is an Islamic liquidity management instrument used by many governments and corporations to finance big projects
The debt instrument for November saw a total subscription of N344.01 billion as against the initial offer of N225 billion