Friday, April 26, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Tag "DMO"

DMO: Nigeria’s public debt rose to N87.9trn in Q3 2023 — up by N530bn

    DMO: Nigeria’s public debt rose to N87.9trn in Q3 2023 — up by N530bn

The Debt Management Office (DMO) says Nigeria’s total public debt rose to N87.91 trillion in the third quarter (Q3) of 2023. DMO disclosed this on Wednesday. The latest figure represents

0 comment Read Full Article

DMO opens subscription for two FGN savings bonds, offers up to 13.5% interest

    DMO opens subscription for two FGN savings bonds, offers up to 13.5% interest

The Debt Management Office (DMO) has announced an offering for a two-year and three-year Federal Government of Nigeria (FGN) savings bonds. In a statement on Monday, DMO said the offers,

0 comment Read Full Article

DMO: Nigeria’s N150bn Sukuk offering oversubscribed by 435%

    DMO: Nigeria’s N150bn Sukuk offering oversubscribed by 435%

The Debt Management Office (DMO) says the country’s Sukuk instrument valued at N150 billion ended with a subscription level of over N652 billion. This is an oversubscription of 435 percent,

0 comment Read Full Article

DMO offers 10-year N150bn Sukuk for subscription at 15.75% per annum

    DMO offers 10-year N150bn Sukuk for subscription at 15.75% per annum

The Debt Management Office (DMO) has opened an offer for a 10-year N150 billion forward ijarah (lease) Sukuk instrument at a rental rate of 15.75 percent per annum, payable half-yearly. Patience Oniha,

0 comment Read Full Article

Nigeria’s public debt hit N87trn in Q2 — up by 75% from Q1 2023

  Nigeria’s public debt hit N87trn in Q2 — up by 75% from Q1 2023

The Debt Management Office (DMO) says Nigeria’s total public debt rose to N87.38 trillion in the second quarter (Q2) of

0 comment Read Full Article

Nigeria repays $500m Eurobond debt

  Nigeria repays $500m Eurobond debt

The Debt Management Office (DMO) says Nigeria has redeemed a $500 million Eurobond on its due date, July 12, 2023.

0 comment Read Full Article

Here’s how much Nigeria is owing other countries in 2023

  Here’s how much Nigeria is owing other countries in 2023

On Friday, the Debt Management Office (DMO) published its quarterly debt report, stating that Nigeria’s total public debt — federal

0 comment Read Full Article

DMO pegs debt service-to-revenue ratio at 73.5%, says it’s unsustainable

  DMO pegs debt service-to-revenue ratio at 73.5%, says it’s unsustainable

The Debt Management Office (DMO) says Nigeria’s debt service-to-revenue ratio in 2023 stands at 73.5 percent, describing the figure as

0 comment Read Full Article

DMO offers two FGN savings bonds at N1000 per unit

  DMO offers two FGN savings bonds at N1000 per unit

The Debt Management Office (DMO) has announced an offering for two Federal Government of Nigeria (FGN) savings bonds for subscription

0 comment Read Full Article

DMO: Rising debt caused by budget deficits, low revenue

  DMO: Rising debt caused by budget deficits, low revenue

The Debt Management Office (DMO) says Nigeria’s growing debt profile is the result of years of operating budget deficits by

0 comment Read Full Article
error: Content is protected from copying.