The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the commencement of the subscription for its December 2025 savings bonds. According to a statement released by the DMO, the subscription offer opens on Monday, December 1, and will close on Friday, December 5, 2025. The bonds are being offered at a […]
The All Progressives Congress (APC) on Monday affirmed Governor Biodun Oyebanji as its sole governorship candidate for the 2026 election in Ekiti State. The consensus affirmation exercise, held at the Ekiti Parapo Pavilion, Ado-Ekiti, saw 885 delegates from all 16 local government areas endorse Oyebanji, who is seeking a second term in office. The special […]
As concerns mount over Nigeria’s growing debt, two federal agencies — the Debt Management Office (DMO) and the National Orientation Agency (NOA) — have presented conflicting accounts of the country’s current debt status. The DMO recently reported that Nigeria’s total public debt had risen to ₦152.40 trillion as of June 30, 2025, representing a ₦3.01 […]
DMO debt – The Debt Management Office on Wednesday has released Nigeria’s total public debt stock as of June 30, 2020, DMO reports that the country’s entire debt rounded off at ₦31trn, which indicates an increase of ₦2.38trn within a space of three months. READ ALSO: World Bank warns over $55trn debts in emerging… Daily […]
The Debt Management Office (DMO) says the N162.55 billion it allotted to investors in the third sovereign Sukuk will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. It said this in a statement on Friday in Abuja while announcing the result of the Sukuk for which it offered […]
With the approval of a fresh $22.7 billion foreign loan requested by President Muhammadu Buhari, Nigeria’s debt profile has reached a high of N33 trillion. The Senate on Monday declared this just as the Director – General of the Debt Management Office (DMO), Ms. Patience Oniha, expressed fear that economic effects of the Coronavirus pandemic […]
The Debt Management Office over the weekend provided clarification on the proposed $3.3 billion external capital raising planned for the year 2020 by the federal government. In a statement posted on the website of the debt office, the DMO explained that the planned capital raising will be integrated to fund the budget deficit of N2.175trn in the […]
Motolani Oseni The Nigerian Stock Exchange (NSE) Chief Executive Officer, Oscar Onyema, on Tuesday, revealed that from a humble beginning as far back as 1961, the Exchange has deepened its debt market to N12.47 trillion. He, also, disclosed that Nigeria’s Debt Management Office (DMO) has raised N13 billion from the Exchange as at July 2019. […]
Nigeria’s total debt stock has hit N20.37tn, the Debt Management Office has said. In a statement made available to Punch correspondent in Abuja on Tuesday, the DMO said the total public debt stock comprising the Federal Government, the 36 states, and the Federal Capital Territory, stood at N20.37tn as of September 30. This shows a […]
. Nigeria, one of top 10 most improved economies- World Bank .CBN expands Anchor Borrowers’ Programme .Targets extra 2m tonnes from 300,000 rice farmers The Federal Ministry of Finance (FMF), the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO), have vehemently rejected the downgrade of Nigeria’s rating by Moody from a B1 […]
The Debt Management Office, DMO, has said that no fewer than 7000 investors have subscribed to the Federal Government’s savings bonds since its introduction in March this year. The Director General, Debt Management Office, Ms. Patience Oniha told the News Agency of Nigeria on Monday, in Abuja, that one of the primary reasons for introducing […]