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Business

Nigerian govt targets N150bn from bond market in Sept 2024 to bridge budget deficit

In a bid to bridge the 2024 budget deficit, the federal government is targeting N150 billion from the bond market in September 2024.The auction...
Business

SEC Urges Businesses To Adopt Sustainable, Climate-Friendly Solutions

The Director-General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has stated that the principles of sustainable finance will open a new vista...
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

Nigeria’s public debts rise by N9.43tr in three months, hit N97tr in Dec 2023, says DMO

Fresh data by the Debt Management Office (DMO) on Friday in Abuja showed that Nigeria’s public debt stock rose by N9.43tr in three months...
Business

Nigeria spends N1.79tr on domestic debt servicing in 3 months

Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the...
Business

DMO records N52bn oversubscription on FGN bonds auction

The Federal Government’s medium-term bonds of 14.55% FGN APR 2029 and 14.70% FGN JUN 2033 have been oversubscribed, the December 2023 Bond Auction Result...
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

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

Nigeria’s debt rises by 75% in three months, now N87trn

The new figure represents an increase of 75.29 per cent or N37.53tn compared to N49.85tn recorded at the end of March 2023.The DMO in...
Business

DMO boss, Oniha, counsels incoming govt on debt management, borrowings

incoming govt on management, not borrowing
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