Business

FGN bond auction for February oversubscribed by 284.4% – DMO

Ihesiulo Grace 20 February 2020 0

The Debt Management Office (DMO) on Wednesday has said that its auction of the February 2020 FGN Bond was significantly over-subscribed by 284.43 per cent. The nation’s debt office said that it offered about N140 billion across three instruments to investors at the auction, namely the 5-Year

Business Featured

DMO offers N155bn of 3 Instruments to investors

Ihesiulo Grace 22 January 2020 0

Abuja – The Debt Management Office (DMO) has offered N155.00 Billion of three Instruments 5-Year, 10-Year and 30-Year Tenors to investors at the auction. The DMO made this known in a statement in Abuja on Wednesday. It explained that the subscriptions received through Competitive Bids for the three instruments at the Auction was N624.498 Billion, […]

Business Featured

FGN Bond auction over subcribed in October, says DMO

Ihesiulo Grace 24 October 2019 0

Abuja – The Debt Management Office (DMO), says investors’ confidence in Federal Government Securities remained high at the Federal Government Bond Auction conducted by the office on Wednesday. A statement issued by DMO on Wednesday in Abuja said this was reflected by the high subscription at the auction. According to DMO, it offered three instruments […]

Politics

Just in: Nigeria owed N25.7trn debt as at June 30 — DMO

Ihesiulo Grace 16 October 2019 0

Abuja – The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja. As at Dec. 31, 2018, Nigeria’s total debt stock stood at N24.38 trillion. The present […]

Business

DMO lists second N100bn FGN Sukuk on NSE

Ihesiulo Grace 24 July 2019 0

Motolani Oseni The Debt Management Office (DMO) of Nigeria on Tuesday listed the second N100 billion Sukuk of the Nigerian government on The Nigerian Stock Exchange (NSE). The seven-year Sukuk was raised at a rental rate of 15.7 per cent, a 73-basis point discount from the 16.47 per cent rental rate of the maiden issuance […]

Business

Total debt hits N22.37trn in H1- DMO

Ihesiulo Grace 15 August 2018 0

The Director-General, Debt Management Office (DMO), Ms. Patience Oniha has said, the nation’s debt stood at N22.37 trillion at the end of June 2018, up three per cent from N21.68 trillion at end of December 2017. The DMO boss at a brief briefing in Abuja on Tuesday said debt rose after the office issued a […]

Business Money

FGN Bonds: Resident holders account for 87.20% of bonds in 2017– DMO

Ihesiulo Grace 30 July 2018 0

The Debt Management Office (DMO) said that allotments of Federal Government bonds by residency classification showed that resident holders accounted for N1.35 million or 87.20 per cent of bonds in 2017, compared to N1.29 million or 98.62 per cent in 2016. This is even as the nation’s debt manager disclosed that only three corporate entities […]

Business

DMO attracts Muslims to capital market with N100bn Sukuk Bond

Ihesiulo Grace 18 April 2018 0

The Debt Management Office (DMO) has successfully listed a 7-year, N100billion, Federal Government Ijarah Sukuk with a rental rate of 16.47 per cent on the floor of the Nigerian Stock Exchange (NSE). According to the Director General, DMO, Patience Oniha, the listing of the FGN Ijarah Sukuk bond is about financial inclusion and deepening of […]

Business Headlines

Nigeria’s public debt hits N21. 7trn in 2017

Ihesiulo Grace 20 March 2018 0

The Nigeria’s total public debt as at end of 2017, stood at N21.725 trillion, while the composition of the Debt Stock at the same period showed that External Debt was 26.64 per cent of the portfolio, up from 20.04 per cent in 2016, data obtained from the Debt Management Offices (DMO) has revealed. The figures […]

Business News

DMO excited over release of N1.2trn capital fund

Ihesiulo Grace 19 January 2018 0

The Debt Management Office (DMO) says the release of N1.2 trillion for capital projects by the Federal Government in six months is a positive development in the country. The capital projects are contained in the 2017 Appropriation Act. The News Agency of Nigeria (NAN) recalls that the 2017 budget was only finalised in July 2017, […]

Business

DMO’s Debut Sovereign Green Bond oversubscribed

Ihesiulo Grace 4 January 2018 0

The Debt Management Office (DMO) has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. At the close of the Offer, the Total Subscription received was N10.791 billion compared to the N10.69bn offered. In a statement ade available to […]

Business Economy

FG, states’ public debt stock hits N19.6trn, says DMO

Ihesiulo Grace 12 September 2017 Post a comment

Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, a document by the Debt Management Office (DMO) says. The document obtained from the DMO website Monday, according to NAN said the domestic debt of states stood at N3 trillion, as the Federal Government spent N253.3 […]

Capital Market

FG Launches Pre-Offer Roadshow for N100bn Sukuk

Ihesiulo Grace 7 September 2017 0

The Debt Management Office (DMO) will today begin activities in preparatory to the Issuance of the much awaited N100billion non-interest bearing bond popularly called Sukuk. A National Roadshow led by the Director-General of the DMO, Ms. Patience Oniha, will begin today and will visit major cities in Nigeria including, Kano, Kaduna, Lagos and Port Harcourt. […]

Capital Market

DMO targets retail investors with First FGN Savings bond issued Monday

Ihesiulo Grace 10 March 2017 0

The FGN Savings Bond, a retail product accessible to all income groups is being introduced by the Debt management Office on behalf of the Federal Government of Nigeria to further encourage an all-inclusive participation in investments. The bond which creates a window of opportunity for Nigerians to harness the huge benefits derivable from retail bonds […]

Business Money

DMO to sell N430bn bonds this quarter

Ihesiulo Grace 8 January 2017 0

The Debt Management Office (DMO) plans to issue up to N430 billion local-currency bonds this quarter.   The office said on its website on Friday that it would auction N110 billion to N140 billion bonds maturing in 2021 and N85 billion to N105 billion debt maturing in 2026. It will also sell N45 billion to N55 […]

Headlines News

N12b Debt: Court Summons DMO's DG, Others over Contempt

Ihesiulo Grace 14 May 2015 0

A Federal High Court, sitting in Ikoyi, Lagos, on Wednesday, ordered the Director-General of the Debt Management Office, Mr. A braham Nwankwo, to appear before it, on May 18, 2015. Also summoned by the court, presided over by Justice Mohammed Yunusa, for contempt, is the DMO’s Officer-in-Charge of processing fue l subsidy claims by oil […]