The Federal Government’s sovereign bonds auction with four tenors conducted on Monday, March 20, recorded N807.9 billion subscription, representing about 124% higher than the projected subscription value. The bonds offer were the 13.98% FGN FEB 2028 (10-year tenor), 12.50% FGN APR 2032 (10-year tenor), 16.2499% FGN APR 2037 (20-year tenor) and the 14.80% FGN APR […]
The Centre for the Study of the Economies of Africa (CSEA) has again lent its voice on the growing calls by financial and economic experts on the need for Federal Government to check the nation’s rising debt stock in order to avert plunging the country into debt distress. The experts’ concern came barely a few […]
The Debt Management Office (DMO) has listed Federal Government of Nigeria (FGN) 2021 $4 billion Eurobonds on the FMDQ Group Securities Exchange in furtherance of its efforts to build investor confidence and also secure investments in the securities market. The DMO on its website stated that the Eurobond was listed in three tranches of seven […]
The Debt Management Office (DMO) on Monday put on offer the Federal Government’s N150 billion bonds for subscription for the month of July. According to the DMO, the offer was in three tranches of N50 billion each. The first is a 10-year reopening bond offered at the rate of 13.98 percent with a maturity date […]
Nigeria’s Debt Management Office (DMO) has disclosed that the country’s 6.75% USD500 million January 2021 Eurobond, which matured on January 28, 2021, will be redeemed. To facilitate the timely redemption, the Federal Government has made funds available to DMO to repay both the principal sum of USD500 million and the accrued interest. The 6.75% USD500 […]
The Debt Management Office (DMO) on Wednesday reported an increase of N2.38 trillion in Nigeria’s public debt stock in three months (April-June 2020) thereby pushing the nation’s debt stock to N31.009 trillion or $85.897 billion at the end of half year 2020. At the end of the first quarter, the total public debt stock, comprising […]
The Debt Management Office (DMO) on Thursday stated that the FGN Bond Auction, which took place on Wednesday, November 20, 2019 was over-subscribed significantly by investors. For the auction, the DMO offered N150 billion from three (3) Instruments (5-Year, 10-Year and 30-Year Bonds) for N50 billion each to investors The Office indicated that total subscriptions […]
The Debt Management Office (DMO) on Wednesday stated that Federal Government’s Bond Auctions in October were over-subscribed, indicating growing investor confidence in the nation’s securities market. The Office, in a statement indicated that it offered three instruments of five-year, 10-year and 30-year bonds with a total value of N150 billion which were well received by […]
The Debt Management Office (DMO) on Thursday disclosed that the nation’s debt stock totalled N24.38 trillion as at the end of the 2018 fiscal year, representing N2.66 trillion or 12.25 percent higher than the N21.74 trillion in the preceding year. The Director-General of the Office, Ms Patience Oniha, disclosed the figures during a media briefing […]
The Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, disclosed on Thursday that the Federal Government planned to borrow N1.6 trillion to fund the 2019 budget. Oniha, who made the disclosure at the Association of Issuing Houses of Nigeria’s semi-annual business lunch held in Lagos, said government had been reducing its level of […]