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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...
Business

‘Investors Will Go To Ghana If We Fail To Fix Infrastructure’- DMO Seeks Subscribers For N150bn Sukuk Bond

The Director-General of the Debt Management Office, Patience Oniha, has said that more investors will dump Nigeria for Ghana if the country’s infrastructure is...
Business

DMO Invites Nigerians To Invest In FGN Bond With 12% Interest Rate

The Debt Management Office has opened the offer for subscription of two-year and three-year Federal Government of Nigeria bonds for October with an interest...
Business

Nigerian govt loses N2.34trn to debt service in six months, as loan burden grows

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...
Business

DMO says Nigeria’s total public debt increased by N37.53trn in 3 months

The Debt Management Office (DMO) has revealed that Nigeria’s total public debt rose by 75.29 per cent to N87.38 trillion in the second quarter...
Business

Nigerian govt repays $500bn Eurobond in July, $1.8bn in last five years

The Debt Management Office (DMO) has disclosed the Federal Government has redeemed a $500 million Eurobond on its due date.According to a statement by...
Business

Nigerian govt repays $500m Eurobond debt

In a statement on Wednesday, the DMO said the successful redemption of the Eurobond shows the country’s commitment to meeting its debt service obligations.The...
Politics

Nigeria’s total public debt hits N68.9tn, as DMO gives Tinubu conditions for borrowing

Nigeria’s total public debt has hit N68.9 trillion, according to new figures obtained from the Debt Management Office (DMO), which warned President Bola Tinubu’s...
Business

Nigeria’s Public debt hits N49 trillion

The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars).According to a statement obtained...
Politics

DMO, lauds Tinubu, makes case for improved revenue, less borrowing 

The Debt Management Office (DMO) has commended President Bola Tinubu for his economic focus on improved expenditure as a way of reducing public debt...
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