DMO offers 2 savings bonds for subscription for July
The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. They are a two-year FGN savings bond due on July 10,
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CFG: ‘Nigeria’s debt repayment exceeds recurrent, capital expenditure’
Public debt hurts citizens, says IMF Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap, Nigeria’s debt repayment now exceeds both recurrent and capital expenditure. This is
Naira depreciation adds N17.8 trillion to public debt in three months
The Debt Management Office (DMO) said naira depreciation alone increased the total debt stock by N17.8 trillion in quarter one (Q1), dismissing the claim that the government has continued to pile up
Government raises N3.8 trillion from bonds in six months
The federal government has realised N3.77 trillion from bond auctions in the first six months of the year, an analysis of the results of the bond auctions conducted by the Debt Management
‘Public debt to hit N134.5 trillion this year’
Cordros Capital Research has projected the country’s public debt to settle at N134.51 trillion (or 50.9 per cent of GDP) this year.The analysts based the projection on increased borrowings by the Federal
Nigeria spends N2.46tr on public debt service in Q1 2024 – DMO
Nigeria spent N2.46 trillion to service N121.67 trillion ($91.46 billion) of public debt in the first quarter of 2024 (Q1 ’24), according to the Debt Management Office (DMO). The DMO revealed that
Nigeria’s public debt jumps to N121.67trn
Nigeria’s total public debt has increased significantly to N121.67 trillion as of March 31, 2024. The Debt Management Office (DMO) in a statement yesterday evening said this figure encompasses the combined domestic
FG lists N4.21bn April savings bond on NGX
The Federal Government of Nigeria has listed its April 2024 Savings Bond worth N4.214 billion on the Nigerian Exchange Ltd. (NGX) platform. The listing was announced by Mr. Godstime Iwenekhai, Head of
Stock investors lose N3.8 trillion in less than two months
The Debt Management Office (DMO) sold treasury bills totalling N6.91 trillion in the first quarter (Q1). The figure represents a 277.5 per cent rise when compared to N1.59 trillion recorded in the
DMO offers two FGN savings bonds for subscription
The Debt Management Office (DMO) has opened two federal government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
Katsina, C’River counter DMO, deny taking fresh loans
The Katsina government has refuted the claim by the Debt Management Office (DMO) that the Dikko Radda administration has escalated the state’s debt profile.