The Director-General of the Debt Management Office, Ms. Patience Oniha, has projected that ongoing Federal Government’s efforts to enhance the nation’s revenue through current fiscal reform initiatives could help in reducing the nation’s debt service ratio to GDP by 20% in the medium-term. Oniha, who made this projection on Wednesday during an interview with Bloomberg, […]
….as quoted CPs on FMDQ Exchange hits N117.32bn The FMDQ Exchange has reported that the Debt Management Office (DMO) sold Treasury Bills (TBs) worth N406.10 billion in all its auctions in July this year. The Exchange, in its ‘FMDQ Markets Monthly Report’ for the month under review, indicated that the TBs’ value increased by 0.39% […]
As we earlier predicted, the Debt Management Office (DMO) has opened offers for subscription for two-year and three-year tenure of Federal Government of Nigeria (FGN) saving bonds to investors as part of its mandate to raise funds for national development as fiscally desirable. The Office, in the disclosure on the debt instruments published on its […]
The Director General of the Debt Management Office (DMO), Ms. Patience Oniha, has restated the need for appropriate fiscal policies and actions to improve the nation’s revenue generation capacity and sustainable growth of the country. The debt management expert, who noted that Nigeria’s debt to GDP ratio at below 25% remained among the lowest globally […]
The Debt Management Office (DMO) has reported that Nigeria’s public debt stock rose to N49.8 trillion (about $108.3 billion) at the end of the first quarter this year. The Office gave these figures in a statement issued late Friday night and pointed out, however, that the debt stock excluded the Federal Government’s N22.7 trillion Ways […]
The external debt profiles of the 36 states of the Federation and the Federal Capital Territory may significantly surge following the latest policy measure of the Central Bank of Nigeria (CBN) on floating exchange rate for the national currency – the Naira. Following the measure, it is estimated that the states’ debt stock has surged […]
The Debt Management Office (DMO) has reported that N324.43 billion was generated as the total value of Treasury Bills (T-Bills) sold by the Federal Government across its auctions in May 2023 is. The FMDQ Exchange Markets Monthly Report just published indicated that the debt instrument’s value in the month under review was higher by 15.41% […]
….says Savings Bonds’ allotments hit N5.06bn in five months The Nigerian Exchange Limited (NGX) has charged Nigeria’s investing public, especially retail investors, to explore the immense investment returns and other benefits of the Federal Government of Nigeria’s (FGN’s) debt instruments to improve their socioeconomic well-being on a sustainable basis. The Divisional Head of Capital Markets […]
The Debt Management Office (DMO) has renewed its call to Nigerians, especially retail investors in the country, to explore the opportunities availed by the FGN Savings Bond offerings and other securities for good returns on their investments. The Director-General of the DMO, Ms. Patience Oniha, who gave advice on Thursday in Port-Harcourt, Rivers State, during […]
The Lagos Chamber of Commerce and Industry (LCCI) has expressed its concerns over Nigeria’s rising debt profile, warning of possible negative consequences if the fiscal challenge is not frontally addressed by the Federal Government. The Chamber’s Director-General, Dr. Chinyere Almona, pointed out one of the ways out of the fiscal problem required that the government […]