The FEC has approved a new Medium Term Debt Management Strategy (MTDS) for Nigeria.
FGN bond offer has received a total bid of N238.28 billion across all tenors.
The DMO has offered for subscription, FGN Bonds valued at N150 billion for January 2021.
As at the end of 2019, the total value of unclaimed dividends stood at 158.44bn.
DMO has offered for subscription Federal Government Bonds (FGN Bonds) valued at N60 billion.
The Debt Management Office revealed that Nigeria's debt stock increased by N2.381 trillion.
The DMO pointed out that the story referred to documents that are incomplete and do not reflect the whole story.
The FGN Savings Bond is backed by the full faith of the Federal Government of Nigeria.
For the revised budget, the oil benchmark was reduced from $57 per barrel to $28.
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.