Debt Management Office
Nigeria’s debt stock rises by N49 billion
The nation’s debt stock is again rising after a temporary decline in the second quarter of 2018, settling at N22.43 trillion, with N49.14 billion rise in the third quarter. The amount, which represents 0.22 per cent increase in the obligations’ profile, was recorded after the second quarter statistics showed a decline to N22.37 trillion, from…
FG as bond subscribers’ money tree
The Debt Management Office (DMO) in December 2018 re-offered for subscription two-year and three-year Federal Government savings bonds at the coupon rates of 12.402 per cent and 13.402 per cent respectively.
DMO appoints Lotus as financial adviser to FG’s N100bn Sukuk
The Debt Management Office has appointed Lotus Financial Services Limited as joint financial adviser to the second tranche of the N100bn Sukuk floated by the Federal Government of Nigeria. According to a statement from the firm, the appointment is coming for the second year running as a result of the firm’s performance and role in…
DMO unveils N100 billion Sukuk2 bond
The Debt Management Office (DMO), has called for more private sector involvement in sovereign sukuk, to boost infrastructure development and support Federal Government’s efforts towards sustainable economy. With the success recorded on the first N100 billion Sukuk bond issued last year, the Federal Government, the DMO has unveiled the second N100 billion sovereign Sukuk, which…
‘Our mandate is to broker cheap deals, not implementation’
My answer is yes. I won’t say the debt stock is too high. When you look at it relative to the size of your GDP, which is one of the measures that IMF uses, it is low and among the lowest in the continent.
Lagos State retains highest foreign debt profile
Lagos yesterday retained its position as the state with the highest foreign debt in the country, with a liability put at $1.45 billion as at June 30, 2018.The News Agency of Nigeria (NAN) quoted a Debt Management Office (DMO) document titled: ‘States, Federal Capital Territory...
DMO’s April bond auction records 292% over-subscription
The April bond auction of the Debt Management Office (DMO) has been over-subscribed by 292 per cent.
Enugu moves to establish debt management office
To manage her internal and external debts effectively and move the state forward economically, Enugu State government will soon establish a Debt management office (DMO) in the state. This follows the submission of report on the bill that would allow for the provision of law for the establishment of the office by a joint committee…