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…
FG generates N10.5b from savings bond in 18 months
The Federal Government has so far raised about N10.5 billion from the savings bond since the establishment 18 months ago.The Director General, Debt Management Office (DMO), Patience Oniha,....
‘Our mandate is to broker cheap deals, not implementation’
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...
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...
Reality dawns as debts wobble under sustainability test
Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them.
DMO restores debts’ report timeline, affirms management strategy, others
The Debt Management Office (DMO) has re-established a predictable timeline in the release of its report on the nation’s debt profile, a routine that has now become consistent for the better part of the last three years.
Nigeria shines at EMEA awards in London, wins in three categories
Nigeria has won awards in three categories for its securities issuance activities in the domestic and international capital markets.A statement yesterday by the Director-General of Debt Management Office, Patience Oniha, said the awards were Best Sovereign Bond in Africa...
Public debt hits N21.7tr, rises by N4.365 trillion
The Nigerian government borrowed N4.365 trillion in 2017, bringing the country’s total debt stock to N21.725 trillion.
Reps summon DMO over alleged breaches in $300m diaspora bond
The House of Representatives yesterday summoned the Director General of the Debt Management Office (DMO), Ms. Patience Oniha, over alleged abuses in the subscription of the $300 million Diaspora bond.