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Why Nigeria’s public debt rose to N121.67trn in March -DMO

The Debt Management Office (DMO), on Tuesday, revealed that the rise in Nigeria’s public debt stock from N97.34 trillion in December, 2023 to N121.67...
Business

Nigeria’s debt hit N121tr in Q1 2024 – DMO

Nigeria’s total public debt has risen by a whopping N24 trillion in the first three months of the year to hit N121.67 trillion.The Debt...
News

Tinubu Appoints Tanimu Yakubu DG Budget Management Office

President Bola Tinubu has approved the appointment of Mr Tanimu Yakubu as the Director-General of the Budget Office of the Federation.Tinubu replaces Mr Ben...
Business

DMO raises N4.9trn for ways and means, says domestic market major source of funding for FG

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...
Business

DMO to raise N450bn in April bond auction

The Debt Management Office (DMO) is seeking to raise N450 billion in its bond auction billed to take place on April 15.The move was...
Business

DMO raises N588bn from FGN bond March offer

The Debt Management Office (DMO) said it raised N588.85 billion from the March 2024 Federal Government (FGN)Bond offer which it opened last week, slightly...
News

Nigeria’s total debt grew to N87.91tn in Q3 2023 – DMO

The Debt Management Office (DMO) in a recent publication has said that Nigeria’s total public debt as at September 30, 2023 was N87.91 trillion....
Business

DMO releases two new FGN bond offers

The Debt Management Office (DMO) has released two new Federal Government savings bond offers for subscription.In a statement issued on Monday, DMO said the...
Business

Over N672bn Invested In Real Estate Properties, SUKUK, As Pension Funds Boost Infrastructure Financing

Under the Contributory Pension Scheme (CPS), pension funds have emerged as a formidable force in addressing the infrastructure financing gap in Nigeria, providing essential...
Politics

DMO says Nigeria’s 6th Sovereign Sukuk oversubscribed

The Debt Management Office (DMO) says its N150 billion Sovereign Sukuk received a  subscription of N652.827 billion.The Director-General of the DMO, Patience Oniha, made...
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