DMO DG

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 […]

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. […]

DMO allots N400.5m in savings bond sales

The Federal Government has allotted N400.5 million in its July 2019 and 2020 savings bond sales, the Debt Management Office (DMO) has said. The allotment results were obtained from the DMO’s website yesterday. About N160.7 million was allotted at 13.38 per cent, with 342 successful subscriptions to mature in July 2019. DMO noted that N239.8 […]

Oniha takes over as DMO boss

The Acting President, Professor Yemi Osinbajo, has approved the appointment of Mrs Patience Oniha as the new Director General of Debt Management Office (DMO). Minister of Finance Mrs Kemi Adeosun announced the appointment in Abuja, at the weekend. Oniha, who hails from Edo State, takes over from the former Director General, Dr Abraham Nwankwo, who retired […]

Fed Govt committed to grassroots’ economic growth, says DMO

• N2.067b Savings Bond listed on NSE The Debt Management Office (DMO) has reiterated Federal Government’s commitment to ensuring that people at the grassroots benefit from investment and growth potentials in the economy. Its Director-General, Dr. Abraham Nwankwo, who spoke during the listing of N2.067 billion Federal Government of Nigeria (FGN) Savings Bond on the […]

Nigeria’s debt rose 38 pct to N17.4 tr in 2016 -debt office

Nigeria’s total debt rose to N17.36 trillion ($56 bln) as of Dec. 2016 from N12.60 trillion a year earlier, the Debt Management Office said, as the country grappled with its first recession in a quarter of century caused by low oil prices. The domestic economy expects a budget deficit of N2.36 trillion for 2017, with […]

FG’s Eurobond Facts Behind the Listing at the Exchange-Pix

From Left: Kobby Bentsi-Enchill, Executive Director, Stanbic IBTC Capital; Monday Usaide, Head, Market Development Department, Debt Management Office (DMO); Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Abraham Nwankwo, Director General, DMO; Oladele Afolabi, Director, Portfolio Management Department, DMO; Funmi Ogunlesi , Executive Director, Public Sector Group, Citi ; Abdulkadir […]

FG To List $1 Bn Eurobond On NSE

FRIDAY EKEOBA The Federal Government will tomorrow (Thursday) list its $1 billion Eurobond issued under the domestic economy newly established Global Medium Term Note programme on the floor of the Nigerian Stock Exchange (NSE). The15-year domestic Sovereign Eurobond priced at par and at a coupon of 7.875% per annum is the first foreign currency denominated […]