Nigeria’s debt servicing expense doubles to N7.8 trillion in 2023
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government ...
Tag: DMO
News and analysis about DMO
Top 10 states with the highest domestic debt in 2023
Data released by DMO reveals the total domestic debt stock of the 36 states and the Federal Capital Territory (FCT) ...
Nigeria’s public debt rises by 10.7%, hits N97.34 trillion
The Debt Management Office (DMO) has disclosed a significant escalation in the country's public debt, which soared by 10.7% to ...
FG raises N475.67 billion in March bond auction over rising rates rally
The Federal Government has raised N475.67 billion in its March bond auction, capitalising on the current rally in rising rates. ...
Eurobond Transaction Advisers’ Appointment requires FEC and NASS Approval – DMO
DMO has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of ...
FG hopes to borrow N450 billion from FGN Bond auction in March
The Federal Government seeks to borrow N450 billion from its third FGN bond auction of 2024, according to the latest ...
DMO to list N350 billion Sukuk bonds on NGX and FMDQ
Following the issuance of its sixth Sukuk worth N350 billion in October 2023, the Debt Management Office (DMO) has announced ...
DMO opens offer for FGN savings bonds for March at 16.09%
The Debt Management Office (DMO) has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for ...
FG raises N1.49 trillion in two FGN bonds offer, below target of N2.5 trillion
The federal government in February realised N1.49 trillion from the two FGN bond offer issued by the Debt Management Office ...
Nigeria adopts new software by Commonwealth Secretariat for debt management
In a significant move to overhaul its public debt management system, Nigeria has adopted new software developed by the Commonwealth ...
