Zamfara Govt denies taking N14.2b loan
By HARUNA AHMED, Gusau – The Zamfara State Government has denied taking a N14.2 billion loan as indicated in a report by the Debt […]
Debt Management Office
DMO offers N2.5trn FGN bonds for subscription at N1,000 per unit
The Debt Management Office has offered two Federal Government of Nigeria bonds valued at N2.5 trillion for subscription at N1,000 per unit. […]
Nigeria redeems $500m Eurobond, re-affirms commitment to meeting debt service obligations
Nigeria on Wednesday, redeemed a 500 million dollars 10-year tenor Eurobond with the due date of July 12, 2023. A statement by the Debt Management […]
Nigeria’s Public debt hits N49 trillion
The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained […]
Securitisation of CBN’s N22.7trn advances to FG will improve transparency – DMO
The Debt Management Office (DMO) says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency. “Ways […]
Prudent expenditure and Nigeria’s quest for debt sustainability
In recent times, the media has been awash with news about the huge debt burden that the incoming government would inherit from the President Muhammadu […]
Alarm over N77 trillion national debts unnecessary – DMO
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, […]
DMO offers N100bn “Sukuk” bonds at N1,000 per unit to fund roads construction
The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government. […]
Improved revenue, prioritising expenditure will reduce govt borrowings – DMO
The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure. […]
DMO commemorates the listings of Eurobonds and Sukuk on NGX
By TENEBE ANTHONIA, Lagos – Debt Management Office (DMO) has leveraged the Closing Gong ceremony of Nigerian Exchange Limited (NGX) to commemorate the listing of […]
Nigeria’s states, FCT domestic debt hit N4.46trn – DMO
By BENJAMIN ORISEMEKE, Abuja – Lagos, Ogun, and Rivers States top the list of states in Nigeria with highest domestic debts as of December 2021, […]
DMO releases bonds issuance calendar for Q1-2022
The Debt Management Office (DMO) has released a calendar for the issuance of bonds for the first quarter of 2022 (Q1-2022). The calendar shows that […]
How Sukuk Is Bridging Nigeria’s Infrastructure Shortfall By ITOHAN ABARA-LASERIAN
Raising funds for Nigeria’s large infrastructure deficit has become critical to the country’s productivity across all sectors of the economy. According to reports, Nigeria’s infrastructure […]
Chinese Loans: Anybody that will help Nigeria’s infrastructure is welcome – Buhari
President Muhammadu Buhari on Wednesday defended his government’s decision to source loans from China, saying anyone willing to help Nigeria’s infrastructure is welcome. According to […]
FG plans N12tn fresh borrowing, public debt to hit N50tn by 2023
The Federal Government hopes to push its public debt stock to N50.22tn by 2023, with domestic debt at N28.75tn and external debt at N21.47tn. This […]
N250bn Sovereign Sukuk offer attracts N865bn subscription – DMO
The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented subscription of over N865 billion. Director-General of the DMO, […]
Nigeria has not and will not mortgage national asset for Chinese loans — DMO
The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars, constitutes only 9.4 per cent […]