Tag
DMO
News and analysis about DMO
The naira value of the federal government’s external debt increased by N17.37 trillion from N16.703 trillion as of December 2022 to N34.073 trillion in December 2023.
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government budget.
Data released by DMO reveals the total domestic debt stock of the 36 states and the Federal Capital Territory (FCT) reached N5.862 trillion by December 31, 2023
The Debt Management Office (DMO) has disclosed a significant escalation in the country's public debt, which soared by 10.7% to N97.34 trillion in the fourth quarter of 2023, from N87.91 trillion recorded in the previous quarter.
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.
DMO has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of FEC.
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).
Following the issuance of its sixth Sukuk worth N350 billion in October 2023, the Debt Management Office (DMO) has announced the listing of the Sukuk on NGX and FMDQ Securities Exchange.
The Debt Management Office (DMO) has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an interest rate of up to 16.097%.
The federal government in February realised N1.49 trillion from the two FGN bond offer issued by the Debt Management Office (DMO) below the target of N2.5 trillion.
In a significant move to overhaul its public debt management system, Nigeria has adopted new software developed by the Commonwealth Secretariat aimed at transforming the nation’s handling of its substantial $114.35 billion debt portfolio.
The Debt Management Office (DMO) is opening offer to sell a total N2.5 trillion FGN savings bonds to members of the public this month. The offers are split into N1.25 trillion at a 7-year tenure and N1.25 trillion for a 10year tenure.