Sunday, September 25, 2022

Debt Management Office (DMO)

February 12, 2022

FG offers N150 billion bonds on auction

The bonds are N75 billion, 10-year re-opening FGN bonds at 12.5 per cent interest rate and another N75 billion, 20-year re-opening FGN bond at 13 per cent interest rate.

January 26, 2022

FG’s $4 billion Eurobond oversubscribed to tune of $12.2 billion: DMO

“The Eurobond, which was issued in September 2021, was oversubscribed to the tune of $12.2 billion and was described as one of Africa’s most successful…”

December 25, 2021

N250 billion Sovereign Sukuk offer attracts N865 billion subscription: DMO

The subscription of 346 per cent emanated from high level participation by banks, fund managers and non-interest financial institutions.

DMO DG Patience Oniha
December 21, 2021

Three federal ministries to benefit from 2021 Sukuk money: DMO

The Debt Management Office (DMO) says its latest offer of N250 billion sovereign Sukuk, the fourth in the series, would be deployed to three benefitting ministries.

Section of Nigerian roads constructed with Sukuk fund
December 16, 2021

Nigeria’s debt rises to N38 trillion as Buhari regime borrows additional N250 billion

The DMO also mentioned that the proceeds would be used solely to construct and rehabilitate key road projects across the country’s six geopolitical zones.

A photo of President Muhammadu Buhari superimposed on N1000 note used to illustrate this story
December 14, 2021

Paris Club Refund: FG, governors suit over $418 million debt continues December 21

On December 7, when the matter came up, Mr Ekwo had refused to vacate the earlier order restraining the federal government from tampering with the states’ funds.

Nigerian Governors Forum
October 16, 2021

From $2.1 billion left by Jonathan, Buhari depletes excess crude account to $60 million

Nigeria’s Excess Crude Account now stands at $60 million down from the $2.1 billion the Muhammadu Buhari regime met it in 2015.

September 20, 2021

Buhari Borrowing Spree: It’s criminal, foolish to accumulate debt for future generation, says Obasanjo

Mr Obasanjo’s statement comes in the wake of Mr Buhari’s request to the National Assembly for a fresh $4 billion loan.

President Muhammadu Buhari and former Nigerian president Olusegun Obasanjo.
July 8, 2021

Buhari regime plans to borrow N5 trillion in 2022

As Nigeria’s debt profile continues to rise, President Muhammadu Buhari’s regime has made plans to borrow N5.62 million in 2022.

Buhari and Osibanjo
July 5, 2021

DMO offers FG bonds at N1000 per unit

The Debt Management Office (DMO) on Monday offered for subscription more federal government bonds at N1,000 per unit.

Finance minister Zainab Ahmed (Credit: Twitter)