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DMO to auction N150bn FGN bonds Nov 17

    DMO to auction N150bn FGN bonds Nov 17

The Debt Management Office (DMO) says it will offer N150 billion bonds for subscription in November on behalf of the federal government. DMO said this in a circular issued on

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Report: FG plans to borrow additional $2.1bn through eurobonds

    Report: FG plans to borrow additional $2.1bn through eurobonds

The federal government is considering another eurobond issuance in the international capital market (ICM) to raise $2.1 billion. This is part of the federal government’s borrowing plans to part-finance the

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DMO: Lagos, Akwa Ibom, Rivers account for 29% of subnational domestic debts

    DMO: Lagos, Akwa Ibom, Rivers account for 29% of subnational domestic debts

Lagos, Rivers and Akwa Ibom states emerged as the three most indebted states in Nigeria, accounting for 29 percent of Nigeria’s subnational domestic debt. According to the Debt Management Office

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FG spent $1.3bn on debt servicing in six months

    FG spent $1.3bn on debt servicing in six months

The federal government expended $1.302 billion on debt servicing in the first half of 2021 (January and June 2021).  The Debt Management Office (DMO) disclosed this in a recent report. 

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DMO lists N150bn FG bonds for auction

  DMO lists N150bn FG bonds for auction

The Debt Management Office (DMO) has listed three federal government bonds of N150 billion at N1,000 per unit for auction.

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DMO: FG spent $243m on external debt service in 2020

  DMO: FG spent $243m on external debt service in 2020

The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained

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DMO resumes FGN savings bond offer

  DMO resumes FGN savings bond offer

The Debt Management Office (DMO) has announced the resumption of the FGN savings bond offer, four months after its suspension.

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Domestic debt servicing gulps N609.134bn in Q1 2020

  Domestic debt servicing gulps N609.134bn in Q1 2020

Data made available by the Debt Management Office (DMO) shows that the federal government spent N609.13 billion on servicing domestic

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Despite $84bn debt, Lai says there’s no cause for alarm

  Despite $84bn debt, Lai says there’s no cause for alarm

Lai Mohammed, minister of information, says there is no cause for alarm over Nigeria’s rising debt. Speaking on Monday at

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Atiku links Nigeria’s huge debt to ‘free money given to traders’ during campaign

  Atiku links Nigeria’s huge debt to ‘free money given to traders’ during campaign

Former Vice-President Atiku Abubakar says Nigeria may “collapse under unsustainable debt” going by the country’s current debt profile. Reacting to

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