DMO raises N147b to fund 2019 budget
The Debt Management Office (DMO) yesterday raised N146.60 billion to fund the 2019 federal budget. Its Director-General, Patience Oniha, said the money was raked from the monthly auction of FGN Bonds it conducted for three Instruments with tenors of five-year
At the risk of sounding immodest, I should like to state that my voice had been among the “Doomsday prophets” who foresaw, with rather a mathematical exactitude, Nigeria’s extant existential woes.
My administration had best debt profile – Ajimobi
The immediate past governor of Oyo State, Abiola Ajimobi, says his administration had the best debt profile in the country. Ajimobi told newsmen on Sunday at his Ibadan residence after the Eid-el-Kabir prayers...
DMO lists FGN second N100 billion Sukuk on NSE
Debt Management Office (DMO) Nigeria, has listed the second ₦100 billion, seven-Year, FGN Sukuk due to mature in 2025, on the Nigerian Stock Exchange (NSE) platform.
Amidst concerns DMO puts Nigeria’s public debt at N25trn
Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over Nigeria’s ability...
FG offers N100bn worth of bonds
The Federal Government has offered for subscription by auction N100 billion worth of bonds in its June 26 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N30 billion of a five year re-opening issue maturing in April 2023 at 12.75…
Factcheck: Gombe State not owing N110bn
The Transition Committee set up by Gombe State Governor, Inuwa Yahaya has put the state’s debt at N110bn. The Chairman of the Transition Committee, Mohammed Kabir, while presenting the Committee’s report to the then Gombe governor-elect on May 11, said Gombe State had a debt profile of N110bn as at December 2018. The 31-member transition…
Debt overhang looms in Nigeria
In a recent paper by Brookings on the danger of accumulation of debt by African countries, he expressed concerns for African countries racking up debts.
Second green bond offer records 220% oversubscription, says DMO
The Debt Management Office (DMO), yesterday, said its second Sovereign Green Bond offering, where it sought to raise about N15 billion...
Investors over-subscribe 30-year FGN bond by N100 billion
The Debt Management Office (DMO) yesterday said its longest debt paper so far - the 30-year May 2019 FGN Bond auction – again attracted over-subscription like it did the previous month. The agency submitted that it was oversubscribed byN100 billion far from the N30 billion offer. The DMO, in a statement, stated: “Three instruments for…