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Domestic Debt Servicing Gulps N3.72tn In 3-years

The Federal Government has spent a total of N3.72tn to service local debts in the past three years, statistics available from the Debt Management Office have shown. According to latest statistics made available by the DMO, the Federal Government spent a total of N1.48tn on actual debt servicing in 2017. With N1.23tn and N1.02tn spent […]

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National Assembly Approved $300 m Diaspora Bond

The Debt Management Office (DMO) said the National Assembly approved the Diaspora Bond, which was used to borrow $300 million from Nigerians in the diaspora. In a statement made available to on Sunday, the DMO said the $300 million Diaspora Bond was approved by the National Assembly via its resolution dated April 28, 2016. The […]

E-dividend Registration Continues, Now To Cost N150 – SEC

The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exeecise would continue seamlessly in spite of the expiration of the December 31st 2017 Free registration deadline. It would be recalled that the e-dividend Free Registration expired on December 31, 2017. Acting Director General of SEC, Dr. Abdul Zubair, who made the announcement […]

Patience Onihia

Foreign Debt Servicing Gulped $197.29m In Q3 – DMO

Nigeria spent a total of $197.29m to service foreign debts in the third quarter of this year, the Debt Management Office said on Wednesday. Statistics obtained from the DMO in Abuja showed that multilateral sources accounted for 30 per cent of the country’s debt servicing commitment in the third quarter of the year. The multilateral […]

Patience Onihia

DMO Redeems N198 bn Treasury bills

The Debt Management Office has stated that the N198.032 billion Nigerian Treasury Bills (NTBs) which will mature in December 2017 will be repaid in full at maturity. Details provided by the DMO show that N131.415 billion and N66.617 billion of NTBs will mature on December 14, 2017 and December 21, 2017 respectively. Before now, the […]

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DMO sets borrowing limit for FG at $22 billion

The Federal Government can borrow up to but not more than $22bn in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at $374.95 […]

DMO sets borrowing limit for FG at $22 billion

The Federal Government can borrow up to but not more than $22bn in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at $374.95 […]

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FG to auction N135bn bonds August 23 – DMO

The Federal Government has offered for subscription by auction, N135 billion bonds in its Aug. 23 auction, according to the Debt Management Office (DMO). The offering circular obtained from the DMO’s website on Tuesday in Abuja indicated that it would sell N35 billion of a bond, to mature in July, 2021, at 14.50 per cent. […]