Friday, 19th August 2022
Breaking News:


14 Jun 2019
The Debt Management Office (DMO), yesterday, said its second Sovereign Green Bond offering, where it sought to raise about N15 billion...
23 May 2019
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…
15 May 2019
Nigeria’s non-oil export has continued to suffer a huge setback due to various challenges. Top on the list include, logistics challenges in moving products to the ports and the lingering issue of unsettled Export Expansion Grant (EEG) claims. With the unsettled incentives converted to promissory notes, there are concerns among operators about the payment arrangement…
9 May 2019
The immediate past Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, will be the Guest Speaker at the 3rd Just Friends Club...
29 Apr 2019
The Nigerian Stock Exchange (NSE) admitted Federal Government (FGN) Savings Bond valued at N1.023 billion on its platform in the first quarter of 2019.   The FGN Savings Bond was designed with attractive returns and low risk investment avenue to low income earners, aimed at deepening the national savings culture and provide opportunity to all…
5 Apr 2019
Nigeria's debt burden has risen to N24.387 trillion as at the end of December 2018, up from the last September 30, 2017 level of N22.428 trillion, indicating an increase of at least 12. 2 per cent.
1 Jan 2019
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…
17 Dec 2018
The Senate Committee on Petroleum (Downstream) has alleged plot by saboteurs in the oil sector to cause scarcity of petrol and return queues at filling stations at Christmas.
14 Dec 2018
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…
11 Dec 2018
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…
5 Nov 2018
Ms Patience Oniha is the Director-General of the nation’s Debt Management Office (DMO). The debt manager, whose contributions matter in the management of the country’s fiscal...
10 Sep 2018
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...


1 hour ago
A high-level meeting of the 36 state governors with President Muhammadu Buhari on Wednesday, primed to draw out some far-reaching and drastic measures to tackle the economic hardship that has afflicted Nigerians under this administration, turned out to be an anti-climax.
1 hour ago
Chairman, Board of Trustees (BoT) of the Peoples Democratic Party (PDP), Senator Walid Jibrin, yesterday, called on members of the party to remain calm and refrain from creating bad blood and confusion over the crisis rocking PDP.
1 hour ago
When Oluwatobiloba Ayomide Amusan draped the country’s flag and mounted the podium for the national anthem after she broke the world record in women’s 100 metres hurdles on her way to winning the gold medal at the recently held World Athletics Championships in Oregon...
1 hour ago
Amidst energy crises currently ravaging almost the entire fabric of the economy, there appears to be some form of relief for telecoms operators expanding to rural areas.
1 hour ago
With the adoption of the Fifth-Generation (5G) network set to outpace all previous generations of mobile technology, it is expected to have $7 trillion worth of economic value by 2030.