Fayose flays governor-elect over claims of N117b state’s debt profile
The Ekiti State Government has said the outgoing administration of Governor Ayodele Fayose did not commit the state to bonds and commercial loans with any bank...
Halt Nigeria’s rising debt profile
Across the developing world, particularly in sub Saharan Africa, the economies of these countries have been marked by significant vulnerabilities in recent times due to uncertainties in commodity prices and consequent fiscal deficits.
Again, August 2018 FG bond auction over-subscribed, says DMO
As the high inflation rate in the country has continued on deceleration trajectory as at end of July this year, surpassing government’s expectation of 12.4 per cent for the 2018 fiscal year, the Debt Management Office yesterday in its result for the Federal Government bond auction for August 2018...
DMO, National Assembly rally support for Nigeria’s first exchange association
As stakeholders celebrate the emergence of Nigeria’s first indigenous securities exchanges association, the group has been urged to focus on mobilising private sector support for economic growth.
Borrowing begins as DMO raises N67b for budget
The domestic borrowing plan of the Federal Government in a bid to fund the budget deficit has commenced in earnest, as its debt manager raised N66.9 billion through the FGN Bond Auction yesterday. The Debt Management Office (DMO), which disclosed the development, affirmed that it was part of the capital hunt for the 2018 Budget.…
DMO releases FGN bond issuance calendar for Q1 2018
The Debt Management Office (DMO), has released the FGN Bond Issuance Calendar for Q1, 2018.
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…
DMO lists FG pioneer diaspora bond, Eurobonds on FMDQ platform
The Federal Republic of Nigeria through the Debt Management Office (DMO) has pioneered the inaugural listing of Diaspora Bond on the FMDQ OTC Securities Exchange platform. FMDQ in a statement in Lagos said that the listing was the first in the Nigerian debt capital markets (DCM). The statement said the 1.5 billion dollars Federal Government…
DMO Director-General says federal government will reduce borrowing cost
The federal government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said. Ms. Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos. Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars Euro Bond…
DMO to redeem N198b treasury bills this month
The Debt Management Office (DMO) has said it will repay in full at maturity, the N198.032 billion Nigerian Treasury Bills (NTBs) this month.