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DMO

News and analysis about DMO

President Bola Tinubu has bemoaned the practice of servicing national debt with 90% of revenue as destructive and promised to deviate from that path.
The Debt Management Office (DMO) of Nigeria has announced a subscription offer for the FGN Savings Bond for August 2023. 
The Debt Management Office (DMO) has announced the results of the August 2023 FGN bond auction.
The Debt Management Office (DMO) of the Presidency has opened offers for subscription for two year and three years tenure of Federal government of Nigeria bonds.
The Debt Management Office of the Presidency has announced the listing of N130 billion sovereign sukuk on the Nigerian Exchange and FMDQ.
The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N204.50 billion across its auctions in June 2023. 
Nigeria’s Debt Management Office (DMO) revealed that it expects the Nigerian government to witness improvements in revenues from the work of the Committee on Revenues set up by the president. 
The pursuit of profit is the driving force behind all investments, as every investor wants to turn their money into something profitable.
The Debt Management Office (DMO) has announced the results of the July 2023 FGN bond auction.
Investors bought Nigeria’s one-year treasury bills at a rate of 5.9% per annum down despite an inflation rate of 22.4% year-on-year. 
Nigeria's total foreign debt for the period ending March 31st, 2023 has risen to N49.85 trillion, ( $108.30 billion) from N46.25 trillion as of December 21st 2022. 
The recent unification of the foreign exchange rate by the Central Bank has significantly impacted the external debt burden.