In a bid to bridge the 2024 budget deficit, the federal government is targeting N150 billion from the bond market in September 2024. The auction by...
The Debt Management Office (DMO) has disclosed that it has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. This is...
Fresh data by the Debt Management Office (DMO) on Friday in Abuja showed that Nigeria’s public debt stock rose by N9.43tr in three months to hit...
Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the Debt Management...
The Federal Government’s medium-term bonds of 14.55% FGN APR 2029 and 14.70% FGN JUN 2033 have been oversubscribed, the December 2023 Bond Auction Result from the...
Within six months of 2023, over N2.34 trillion was spent by the Federal Government of Nigeria to service the country’s debt, which rose to N87.38 trillion...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said the...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said the Federal Government is obtaining loans and issuing promissory notes despite not having revenue to...
The Debt Management Office (DMO) has disclosed that Nigerian state governors borrowed a total of N870 billion from local banks and investors in 2022. This borrowing...
The Debt Management Office (DMO) has announced the availability of two tenors of FGN savings bonds for the month of March 2023, and is inviting retail...
THE Debt Management Office (DMO) has announced plans by the federal government to borrow N1.2 trillion through bonds in the first 3 months of 2023 The...
The Debt Management Office (DMO) has raised concerns as Nigeria’s public debt is set to hit N72 trillion. Patience Oniha, the DG of DMO raised the...
The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription....
The Debt Management Office (DMO) has revealed that the total debt stock of Nigeria has increased to N44.06 trillion as of September 2022. DMO disclosed this...
Between January and November of 2022, the federal government borrowed a sum of N2.94 trillion from the domestic debt market to finance the 2022 budget deficit....
The Director-General of the Debt Management Office (DMO), Patience Oniha, has advised the Federal Government to prioritise revenue generation, and not increase borrowings. During a workshop...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that Nigeria is struggling to borrow money from international creditors due to its economic...
Within one year, Nigeria’s total public debt grew by N7.38 trillion, to close the second quarter of 2022 with N42.84 trillion ($103.31 billion), according to the...
The Federal government of Nigeria faces an uphill task in finding creditors to plug the hole in its finances. The latest data from the Debt Management...
In contrast to reports by the American financial, software, data, and media firm Bloomberg, the Debt Management Office (DMO) has stated that Nigeria has no intentions...
The Debt Management Office (DMO) has revealed that the federal government, in the first six months of 2022, spent N1.87 trillion repaying matured loans. The loans...
Nigeria’s total public debt rose by 2.98 percent in the second quarter of this year to N42.84 trillion ($103.31 billion), new data released by the Debt...
The Debt Management Office (DMO) has said it is concerned about the Federal Government’s debt service-to-revenue ratio. The federal government’s projected deficit for the 2023 budget...
Federal government bonds worth N225 billion would be auctioned today, Monday, June 20, 2022, by the Debt Management Office (DMO) at the primary market. The debt...
The Federal government has revealed that it spent over N896.7 billion in the first three months of 2022 repaying matured foreign and local debts. This is...
The Debt Management Office (DMO) has revealed that Nigeria in the first three months of 2022 borrowed N2.04 trillion. It stated this in a statement published...
Nigeria’s debt stock could be in excess of over N50 trillion compared to the N39.56tn reported by the Debt Management Office (DMO). This is according to...
The Federal government has kicked off its plans to increase Nigeria’s debt stock to N46.63tn trillion by end of 2022. Over the weekend, the Debt Management...
Nigeria’s total public debt stock rose by 22.47% in 12 months following increased borrowings by the Federal and state governments to fund budget and other governance...
The first bond issuance for 2022 has been completed successfully with Nigerians offering more than the N214.05 billion offered by The Debt Management Office (DMO). In...
The Nigerian government has announced the schedule for its domestic borrowing plans for the first three months of 2022 from citizens. The Debt Management Office (DMO)...
The Debt Management Office (DMO) on Saturday debunked reports that some national assets were used as collateral towards the solicitation for loans from China. This was...
The Debt Management Office (DMO) has opened the offer for a new N250 billion Sovereign Sukuk bond being raised by the Federal Government for development of...
Nigeria’s public debt stock has increased by N2.5 trillion in three months to N38.005 trillion as of the end of the third quarter of 2021, Ms....
The Debt Management Office (DMO) has provided justification for borrowings by the present administration According to Patience Oniha, director general DMO, public debt was instrumental in...
The Federal government has announced eight successful winners from a pool of 38 bidders as transaction advisers for the sale of it’s $6.2 billion Eurobond. Eurobond...
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000 per unit. This is according to...
The Debt Management Office (DMO) on behalf of the Federal Government has announced the offer for subscription of the July 2021 FGN Savings Bond. This is...
Domestic and foreign debt service gulped over N1.02 trillion from the coffers of the Federal Government in the first quarter of this year, a report by...
The Debt Management Office (DMO) stated on Wednesday that the country added N191 billion to its debt stock between January and March. As a result, Nigeria’s...
The Federal Government has announced plans to go into the international debt market this year after suspension in 2020 due to the pandemic. This was disclosed...
The Federal Government on Tuesday explained to the Senate how it intends to spend the 995million euros and $1.5 billion loan request. According to the Minister...
Nigeria’s Debt Management Office (DMO) has listed a total of N162.5 billion seven-year Ijarah Sukuk Bond Sovereign Sukuk, due to mature in 2027 on the Nigerian...
The Debt Management Office has denied the rumour making the rounds that it was unable to account for the sum of N2.2 trillion allocated to its...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said on Wednesday the Federal Government planned to repay a $500million Eurobond with funds raised from...
Nigerian government’s borrowings derive from perennial budget deficits, the debt office said on Wednesday. Patience Oniha, the Director-General of the Debt Management Office (DMO) made the...
The Nigerian government’s bonds for August, which were valued at N150 billion and auctioned on Wednesday, were oversubscribed by N92.23 billion, the Debt Management Office (DMO)...
Nigeria’s debt to the World Bank soared from $8.51 billion (about N3.085 trillion) as of September 2018 to $9.81 billion (over N3.556 trillion) as at September...
The Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, said on Friday domestic borrowing accounts for 68 percent of Nigeria’s total debt profile of...
The Debt Management Office (DMO) has revealed that the total public debt of Nigeria as at December 31, 2018 is N24.38 trillion. The Director-General of the...
