The Debt Management Office (DMO) has offered for subscription a 2-Year Federal Government of Nigeria (FGN) Savings Bond with a maturity date of August 1,6th, 2025, with an annual interest rate of 9.634% as well as a 3-Year FGN Savings Bond due on August 16th, 2026, offering an annual interest rate of 10.634%. The Office […]
Worried about the nation’s surging debt stock and its negative implications for public finance efficiency, investment analysts at Proshare Limited have advised the federal and state governments to explore revenue-generation opportunities as a fiscal option to minimize the debt service burden on the country. The economic researchers at the firm, which is one of the […]
The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]
The Debt Management Office (DMO) on Tuesday indicated that the Federal Government would offer for subscription by auction N70 billion worth of bonds in its May 23 auction. The offer circular which was hosted on the DMO’s website, showed that government would sell N20 billion of a five-year re-opening issue maturing in April 2023 at […]
The Federal Government disclosed today that it raised N345.75 million from the sales of savings bond in March and April this year. According to the details of the debt instrument transactions published on website of the Debt Management Office (DMO) , N151.82 million was allotted in March and N193.93 million in the April sales. A […]
The Federal Government has indicated its intention to offer for subscription by auction N90 billion worth of bonds next Wednesday, 25th April. The Debt Management Office (DMO) in a circular hosted on its website, stated that it would auction N30 billion of a five-year new issue maturing in April 2023 at an undisclosed rate. It […]
The Debt Management Office (DMO) has put Nigeria’s total national debt at N21.7 trillion ($70.92 billion) at the end of December 2017, up from the N17.36 trillion at the end of the preceding year. A report by Reuters quoted the Director-General the Office, Patience Oniha, as providing the figures at a news briefing on Wednesday. […]
The Debt Management Office (DMO) has disclosed that Nigeria spends 34.2 per cent of her earned revenues on debt servicing as at June 2017