The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735%.
The Debt Management Office (DMO) has announced that the Federal Government of Nigeria has successfully raised a total of N1.09 trillion through the Sovereign Sukuk since its debut in 2017.
The Debt Management Office (DMO) has attributed the recent delay in coupon payments to savings bond subscribers to system and processing issues according to reports from Bloomberg.
The Director General of Debt Management Office, (DMO) Patience Oniha has stated that the federal government has raised N4.5 trillion out of the N6 trillion target in the 2024 budget.
DMO has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of FEC.
Patience Oniha has stated that Nigeria has been able to raise its domestic borrowing of N7.043 trillion for 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.
Risk-free nature of FGN securities made them an attractive and secure investment option for Nigerians.
DMO said Nigeria’s growing debt stock is due to running a budget deficit for many decades as well as several loans contracted in the past from multilaterals and bilaterals.
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.
Sukuk is an Islamic liquidity management instrument used by many governments and corporations to finance big projects
Nigeria’s Debt Management Office says Nigeria’s debt to GDP ratio is 23%, which is still within the country’s self-imposed limit of 40%
