Nigeria’s Debt Management Office (DMO) has projected that inflation will ease into single digits by 2027 as part of its newly approved Medium-Term Debt Management Strategy (MTDS) 2024–2027, which seeks to curb fiscal risks and ensure debt sustainability. According to the DMO, headline inflation, which averaged 21.4 per cent in 2024, is expected to decline […]
President Bola Tinubu has requested approval from the house of representatives for an additional $347 million loan to fund the Lagos-Calabar Coastal Highway project. The loan request, part of Nigeria’s revised 2025–2026 borrowing plan, was contained in a letter read by Speaker Abbas Tajudeen during Wednesday’s plenary session. According to Tinubu, the cost of the […]
BY MOTOLANI OSENI The Debt Management Office (DMO) has refuted reports claiming that the Federal Government spent N611.71 billion servicing a domestic US Dollar-denominated bond in March 2025, clarifying that the actual figure was N67.99 billion. In a statement released on Thursday, the DMO described the widely circulated figure as “completely inaccurate,” stressing that the […]
BY MOTOLANI OSENI The Debt Management Office (DMO) has opened subscriptions for the June 2025 Federal Government of Nigeria (FGN) savings bonds, offering annual interest rates of up to 17.121 per cent. The subscription window opened on Monday, 2 June 2025, and will close on Friday, 6 June 2025. According to the DMO, the two […]
..Says increase in debt in Naira terms did not strictly represent new borrowing The Debt Management Office (DMO), on Tuesday, revealed that the rise in Nigeria’s public debt stock from N97.34 trillion in December, 2023 to N121.67 trillion in March is partly due to exchange rate fluctuations. The Director-General of DMO, Patience Oniha, said this […]
Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said on Thursday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) in December […]
.Say data on debt a precarious situation By Mathew Brangyet The latest release by the Debt Management Office (DMO) on the debt standing of Federal and state governments has continued to elicit reactions, with many urging the two tiers of government to slow down on borrowing and do more to increase internally generated revenue. While […]
By Motolani Oseni The Debt Management Office (DMO) said it raised N588.85 billion from the March 2024 Federal Government (FGN)Bond offer which it opened last week, slightly more than the N450 billion which it had planned to raise. The March offer was much less than N2.5 trillion which it had set out to raise last […]
The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit in its March offer. The first offer is a two – year FGN savings bond due on March 13, 2026 at interest rate of 15.097 per cent per annum. The second offer is a […]
*As DMO raised N2.13trn from FGN bond in two months Raises N45.135bn from FGN Savings Bond in 5years By Motolani Oseni The Debt Management Office(DMO) has said, it has deployed N1 trillion to the federal government out of the N2.129 trillion which it has so far raised this year through government bonds for budget financing. […]
By Joy Obakeye The average yield on the Federal Government of Nigeria’s bonds spiked amidst rallies in the local debt capital market after Debt Office DMO raised about N771 billion via reopening. According to fixed income securities traders, activities ended on a bearish note as investors showed apathy to instruments in the bond space in […]
By Godwin Anyebe The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment of the media that the next government would inherit N77 trillion debts. […]
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment of the media that the next government would inherit N77 trillion debts. Oniha stated that […]
The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due in Jan. 11, 2025, at the interest rate of 9.600 per cent per annum. The […]
Nigeria’s total debt stock rose to N41.60 trillion in the first quarter of 2022 from N39.56 trillion as of December 2021, figures from the Debt Management Office (DMO) has revealed. This covers the total domestic and external debt of the federal and state governments, and the Federal Capital Territory, DailyTimes gathered. The figure represents an […]
The debt stock of Nigeria’s International Development Association (IDA) is USD11.7 billion, according to the Debt Management Office (DMO). “IDA loans are one of the most advantageous borrowing choices for nations like Nigeria, and they are also aligned with the Federal Government’s Medium Term Debt Management Strategy,” the DMO said in a statement yesterday. In […]
The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107 trillion (about 87.239 billion dollars), as at March 31, 2021. A statement obtained from DMO’s website says that the total public Debt Stock comprised of the debt stock of the Federal Government of Nigeria (FGN), 36 State Governments and the Federal Capital Territory […]
Nigeria’s Debt Management Office (DMO) announced on Monday that it is seeking financial and legal advisors, trustees, and issuing firms to help it organize its Sukuk bond in the domestic debt market for 2021. Sukuk bonds are Islamic bonds used to build alternative funding sources for Nigeria’s infrastructure deficit. “On behalf of the FGN, we […]
The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt rose to N32.9.trillion at the end of December 2020. Also, the nation’s inflation rate maintained an upward trend and hit a 34-month high, rising to 17.33 percent in February from 16.47 percent in January 2021, according to the latest figures published by the […]
By Philip Clement The Debt Management Office (DMO), has announced that the total public debt stocks of Nigeria is now N31.009 trillion as at June 31, 2020, representing 8.3 per cent rise from N28.628 trillion in March 2020. The DMO in a report said the figure comprised the debt stock of the federal government, the […]