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Debt Management Office

Debt Decline: Numbers Look Good, But At What Cost?

Nigeria’s promissory notes debt fell by 15.6 per cent quarter on quarter between December 2024 and March 2025, dropping from N1.542 trillion to N1.301 trillion, according to the Debt Management Office (DMO). This decline also represents a 17.1 per cent year on

July 13, 2025

Business

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

The Debt Management Office (DMO) has begun another round of subscription for the Federal Government of Nigeria (FGN) Savings Bonds, offering attractive interest rates to retail investors for the month of June. A new round of subscriptions for Federal Government of Nigeria

June 3, 2025

Business·News

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

In a revealing fireside chat at the 2023 Annual Business Summit of the Capital Market Solicitors Association (CMSA), the Director General of the Debt Management Office (DMO) in Nigeria, Ms. Patience Oniha, has disclosed the government’s plan to secure a budgetary approval

September 29, 2023

Business

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

The Debt Management Office (DMO) said Nigeria’s rising debt profile is due to the increase in the government’s budget deficits and inability to grow revenue. According to the Director-General of DMO, Patience Oniha, the country’s budget deficit has increased from N1.62 trillion

May 15, 2023

Business

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

The Debt Management Office (DMO) has reacted to claims that Nigeria has been unable to meet its debt obligations to the Chinese government. DMO said reports circulated that the Federal Government defaulted on loan repayment to China, which stood at $4.1 billion

April 20, 2023

Business

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed budget deficits and numerous promissory notes as reasons for the rising debt of the Nigerian government. Oniha said despite not generating enough revenue, the Federal Government has been issuing several

April 6, 2023

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

Business

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

Nigeria’s public debt could rise to N72 trillion, from the N44 trillion reported as of September 2022, the Debt Management Office (DMO) has disclosed. According to the Director-General of the debt office, Patience Oniha, the country’s debt stock is a cause for

January 5, 2023

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

5,000 Entities Owe Buhari Govt N5.2 trillion

The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of Finance, Budget and National Planning, Victor Omata, who represented Zainab

December 15, 2022

Stop Increasing Debt – Nigeria's Debt Office Says To Pres. Buhari

Business·News·Top Stories

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

The Debt Management Office (DMO) has advised President Muhammadu Buhari’s administration to focus on increasing revenue rather than piling up debt that has risen to N42.84 trillion ($103.31 billion) at the end of Q2, 2022. Director-general of Nigeria’s Debt Office, Patience Oniha,

November 18, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

Nigeria is losing investors to G-7 securities – United States, Germany, France, Japan – as creditors avoid underdeveloped and developing countries to protect their investment. According to Director-General of the Debt Management Office (DMO), Patience Oniha, Nigeria is unable to attract investors to

November 17, 2022

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Debt Management Office

Debt Decline: Numbers Look Good, But At What Cost?

Nigeria Begins Another Round Of Bond Sales, Offers Attractive Interest Rates

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

DMO Boss Blames Buhari, Former Presidents For Increase In Budget Deficits

Fear Of Nigeria Losing Infrastructure To China Over Debt Forces DMO To React

DMO Blames FG’s Numerous Promissory Notes For Nigeria’s Rising Debt

Breakdown Of How Nigeria’s Debt Will Rise Over N70 trillion In June

5,000 Entities Owe Buhari Govt N5.2 trillion

Stop Increasing Debt – Nigeria’s Debt Office Says To Buhari

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

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