Tag Archives: DMO

Debt Management Office (DMO) of Nigeria on Tuesday, July 23, 2019, listed on The Nigerian Stock Exchange, the second ₦100bn, 7-Year, FGN Sukuk due to mature in 2025.

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The nation’s external debt stock rose by 148 per cent in almost four years of the President Muhammadu Buhari administration, data from the Debt Management Office showed.

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Director-General of the Debt Management Office (DMO), Patience Oniha, who made the revelation at a news briefing in Abuja, yesterday, said the figure rose by 12.25 per cent from N21.725 trillion in 2017.

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The Debt Management Office says plans in the works to issue a 30-year naira bond which would be the first in the country’s history.

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The Debt Management Office on Wednesday said that FGN Bonds offered to investors for the month of March was oversubscribed by N140bn.

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Photo Caption: Minister of Finance Hajia Zainab Ahmed, Acting Director General,  Securities and Exchange Commission Ms Mary Uduk , Director General, Debt Management Office Ms Patience Oniha  and Comptroller General of Customs Col Hameed Ali(rtd) during a World Press Conference on the Activities of Ministry of Finance in Abuja yesterday  Advertisement

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The Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget, the Debt Management Office has said. DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the foreign debt markets. The report said, “The total …

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The Debt Management Office on Monday opened subscriptions for the November 2018 savings bond of the Federal Government of Nigeria (FGN). The bond subscription period, according to the debt office, will run from Monday, November 5 to 12 noon of Friday, November 9, 2018, with the settlement date fixed for Wednesday, November 14, 2018. The debt office is offering two …

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The Federal Government has explained that it borrows from China in order to take advantage of a cheaper source of finance. In a statement made available to our correspondent in Abuja on Tuesday, the Debt Management Office said that the Federal Government was also borrowing from China in order to diversify the sources of borrowed funds. The DMO dismissed insinuations …

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The Debt Management Office (DMO) says Nigeria’s total debt rose to N22.4 trillion in the first half of the 2018 financial year. This represents a three percent increase from the N21.68 trillion recorded at end of December 2017. Patience Oniha, director general of the DMO, made the revelation while addressing reporters in Abuja on Tuesday. According to her, the rise …

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