DMO

The Debt Management Office (DMO) says Nigeria does not face the risk of experiencing “debt distress” due to its $15.9 billion Eurobonds. The $15.9 billion Eurobonds is the foreign component of the debt Nigeria owes. The DMO said this…

The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange. The N250 billion Sovereign Sukuk was issued in December 2021. Proceeds from the…

The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at an…

The International Monetary Fund (IMF)’s projection that Nigeria might spend over 92 per cent of its revenue on debt servicing in 2022 has pitched the international organisation against Nigeria's Debt Management Office (DMO). The IMF,…

The Federal Government has said that Nigeria's borrowings continue to rise because of underperformance in revenue generation. Director-General, Debt Management Office (DMO), Patience Oniha disclosed this at a public hearing organised by…

The Federal Government of Nigeria has appointed eight institutions as transaction advisers for the issuance of Eurobonds by Nigeria in the International Capital Market (ICM). The Debt Management Office (DMO) disclosed this in a press…

The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021. A statement obtained from DMO’s website says that the total public Debt Stock comprised of the…

The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150 billion at N1,000 per unit. Details obtained from DMO’s website said that the three bonds were valued at N50 billion each,…

The Debt Management Office (DMO) says the nation's rising public debt profile should be blamed on dwindling government revenue and harsh economic realities occasioned by the COVID-19 pandemic. DMO stated this over the weekend while…

Ms Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. Oniha, who made the disclosure during a news conference on Thursday in Abuja, said that the…

Mrs Patience Oniha, Director-General, Debt Management Office, said in Lagos on Friday that the Federal Government had released about N400bn government securities into the economy to service its debt and improve liquidity. Oniha made the…

Ms Patience Oniha, Director-General, Debt Management Office (DMO), says about 7,000 investors have subscribed to the Federal Government of Nigeria’s savings bonds since its introduction in March. Oniha told the News Agency of Nigeria (NAN)…

The Federal Government has offered for subscription by auction, N135 billion bonds in its Aug. 23 auction, according to the Debt Management Office (DMO). The offering circular obtained from the DMO’s website on Tuesday in Abuja indicated…

The Federal Government on Monday offered for subscription two-year savings bond at 13.18 per cent and three-year savings bond at 14.18 per cent, the Debt Management Office (DMO) has said. According to the offer circular derived from the…

Lagos State had a local debt stock of N311.7 billion as at Dec. 31, 2016, according to the Debt Management Office. The state, referred to as the commercial hub of Nigeria, had the highest local debt stock in the country during the…

The Debt Management Office (DMO) on Thursday listed the Federal Government 1 billion dollars eurobond at 7.875 per cent due 2032 on the Nigerian Stock Exchange (NSE) platform. Dr Abraham Nwankwo, the DMO Director -General, made this…

The Debt Management Office (DMO) has advised the Federal Government not to borrow above 22.08 billion dollars in 2017. DMO gave the recommendation on Tuesday in its 2016 Debt Sustainability Analysis (DSA) report, obtained by the News…