Debt Management Office
‘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…
Sovereign Green bond oversubscribed, says DMO
The Debt Management Office (DMO) has announced that the Sovereign Green Bond offered to the general public in December 2017, was well received by a wide range of investors. At the close of the offer, the total subscription received was N10.791 billion compared to the N10.69 billion Offered. Among the investors who subscribed to the…
Anambra 2017: Push getting to shove
It is not definitely going to be an easy governorship poll in Anambra State on November 18, 2017. The Independent National Electoral Commission (INEC) added to the prevailing frenzy...
States and new loans
It is instructive that the Debt Management Office did not just stop at cautioning against further borrowing by states, it also offered suggestions that should be of help to the states, if only they have ears that hear.
DMO moves for better sensitisation of citizens on Nigeria’s debts
Newly appointed Director General of the Debt Management Office (DMO), Patience Oniha, has sought the support of the media in informing Nigerians on the management of Nigeria’s debt stock and government’s drive towards infrastructural development.
Government offers savings bonds at double rates
The FGN Savings Bond is promoting savings culture in the country, and enhancing financial inclusion. According to the Debt Management Office (DMO), the two-year bond will be due in August 2019, while the three-year bond has a maturity date of August 2020.