The Debt Management Office (DMO) has advised Nigerians to invest in governments’ saving bonds in view of the profitability and other benefits when compared with saving in banks. The Director-General of DMO, Patience Oniha, made this remark on Tuesday in Ibadan at the FGN Securities Issuance awareness programme, jointly organised by Office and CSL Stockbrokers […]
The Debt Management Office (DMO) has disclosed that Nigeria raised $1.25 billion through the issuance of a seven-year Eurobonds in the International Capital Market (ICM). In a statement hosted on the Office’s website, the Director General, Patience Oniha, explained that with the issuance of the bonds in the ICM, Nigeria had become the first African […]
The Debt Management Office (DMO) on Thursday disclosed that Nigeria’s total public debt rose by 20.2 percent to N39.56 trillion ($95.77 billion) as at December 31, 2021, up from N32.92 trillion ($86.392 billion) in 2020. The Director-General of the Office, Ms. Patience Oniha, gave these figures at a media interactive session in Abuja, adding that […]
The Securities and Exchange Commission has again stated that it is committed to sound and proper regulation that would engender growth and development in the capital market. Director General of the Securities and Exchange Commission, Mr. Lamido Yuguda stated this at a meeting with market stakeholders organised by the Debt Management Office in Lagos. Yuguda […]
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 […]
In line with its practice, the Debt Management Office (DMO) has published Nigeria’s total public debt as at September 30, 2021, totaling N38.005 trillion (about USD92.626 billion.. The figures comprised the total external and domestic debts of the Federal Government of Nigeria (FGN), 36 State Governments and the Federal Capital Territory (FCT) The DMO attributed […]
The Debt Management Office (DMO) has announced the offer for subscription of the November 2021 Federal Government Savings Bond to investors. The announcement, which indicates that there are 2-year and 3-year savings bonds for subscription, was contained in a circular issued by the DMO and published on its website. A breakdown of the bonds details […]
The Director-General of the Progressives Governors Forum (PGF), Alhaji Salihu Lukman, has appealed to the Federal Government to do more public enlightenment on the rising public debt stock, particularly on latest moves to borrow more from external creditors to fund the 2021 budget deficit. Lukman, who made the appeal in a statement on Wednesday, also […]
Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, on Wednesday said Nigeria’s public debt stock rose to N35.465 trillion as of June 30, representing N2 .358 trillion higher than the stock value at the end of the first quarter this year. Available data by the DMO on the nation’s debt stock indicated that […]
President Muhammadu Buhari has requested the National Assembly to approve $4,054,476,863 and €710 million external loans for funding ongoing critical projects and other expenditures of government. This is even as the Executive is also seeking the legislature’s approval for grant components of $125 million in the 2018-2020 as part of the 2018-2020 external rolling borrowing […]