Tag Archives: DMO

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 …

Read More »

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 …

Read More »

The Federal Government raised N66.9 billion at its bond auction yesterday, as part of moves to finance the 2018 budget. The Debt Management Office (DMO) said on its website that the bonds were auctioned in three tenors of five, seven and 10 years. This, it said, was to give its diverse investor base an opportunity to choose their preferred tenors. …

Read More »

The Nigerian Stock Exchange (NSE) is pleased to announce the listing of the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchnage by Debt Management Office (DMO) on Friday, July 20, 2018. On the same day, the NSE also held a pre-listing conference for market participants, themed, ‘Exploring the Green Financing Opportunity: Green Bonds …

Read More »

The nation’s total public debt increased by 4.52 per cent in the first three months of the year, data from the Debt Management Office showed on Wednesday. The public debt increased from N21.73tn ($71bn) in December 2017 to N22.71tn ($74.28bn) at the end of the first quarter of 2018. The DMO said in a circular on Wednesday that the increase …

Read More »

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 on domestic debt servicing in …

Read More »

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 issuance of the $300 million …

Read More »

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 at a press briefing Tuesday, …

Read More »

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 sources include two arms of …

Read More »

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 practice was to rollover NTBs …

Read More »