Monday, February 6, 2023

Debt Management Office (DMO)

January 25, 2023

DMO auctions four FG bonds valued at N360 billion

The Debt Management Office (DMO) has offered four federal government bonds valued at N360 billion for a subscription via auction at N1,000 per unit.

DMO DG Patience Oniha
January 2, 2023

DMO announces first savings bonds offer for 2023

The first is a two-year savings bond due in January 11, 2025, and the other is a three-year bond due in January 11, 2026.

November 14, 2022

Budget Defence: Reps grill DMO over N3.3 trillion domestic debt

The lawmakers decried frequent borrowings by the regime of president Muhammadu Buhari.

DMO DG Patience Oniha
August 8, 2022

LCCI says Buhari’s expensive loans ruining economy, praises NNPC commercialisation

“The chamber has consistently advised the government to borrow from cheaper sources and consider deficit financing from equity instead of the expensive debts borrowed,” said LCCI.

A photo of President Muhammadu Buhari superimposed on N1000 note used to illustrate this story
July 7, 2022

DMO lists $1.25 billion eurobond on NSE, FMDQ

The Debt Management Office (DMO) is set to list the 8.375 per cent, $1.25billion, March 2029 eurobond on the Nigerian Stock Exchange (NSE) and FMDQ Securities Exchange Limited.

DMO DG Patience Oniha
July 5, 2022

DMO lists N250 billion Sovereign Sukuk on NSE, FMDQ

The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Group and the FMDQ Securities Exchange.

July 3, 2022

Debt Profile: Revenue generation major fiscal constraint of FG, says DMO

The DMO said the federal government was trying to identify and plug existing revenue leakages to enhance tax compliance and reduce evasion.

DMO DG Patience Oniha
June 30, 2022

Nigeria redeemed $300 million diaspora bond: DMO

As a sign of commitment to promptly honour its debt obligations, Nigeria says it has redeemed its $300 million diaspora bond which matured on June 27.

Rows of Dollars bundles
May 3, 2022

Experts warn Buhari against further plunging Nigeria into debts

Recently, Enoch Adeboye, the Redeemed Christian Church of God’s spiritual leader, raised concern about the country’s rising debt profile.

President Muhammadu Buhari
April 5, 2022

Buhari’s Borrowings: DMO lists two new FG savings bonds

The first, a two-year savings bond, came at an interest rate of 7.33 per cent per annum and will be due on April 13, 2024.

President Muhammadu Buhari and dollar