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Nigeria’s Debt Office Defends Rising Debt Under Pres. Buhari

The Director- General of Debt Management Office (DMO), Patience Oniha, has defended Nigerian government’s debt during a presentation at the Executive Course on Budgeting and Fiscal Transparency, in Abuja.  Oniha said loans obtained to fund fuel subsidy played a significant role in the
September 28, 2022

Top Five Nigerian States With Highest Domestic Debt

The 36 states in Nigeria, including the federal capital territory, Abuja, have a domestic debt profile of N4.84 trillion as at the end of first quarter 2022, rising from the N4.46 trillion reported for the period of fourth quarter 2021. This is
June 14, 2022
Nigeria's public debt

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

The Debt Management Office has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. The agency explained that the bonds are valued at N1,000 with a minimum subscription of N50 million, and in multiples
April 25, 2022
DMO

How Nigeria Can Lower Debt Service-To-Revenue – DMO

The Debt Management Office (DMO) has disclosed that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. The DMO explained that Nigeria has a revenue-to-Gross Domestic Product ratio of nine per cent while Ghana,
April 16, 2022
DMO

DMO Returns Oversubscribed 2021 Sovereign SukukTo Investors

The Director-General of the Debt Management Office (DMO), Patience Oniha, has disclosed that the over subscribed portion of the N250 billion, 2021 Sovereign Sukuk, which attracted N865 billion, was returned to investors. Oniha made this known on Thursday, in Abuja, at a
February 4, 2022
DMO

DMO Records $4bn Eurobond On FMDQ Securities Exchange

The $4 billion Eurobond issued by the federal government of Nigeria has been listed on the FMDQ Securities Exchange. Prime Business Africa gathered that debt securities were issued by the Nigerian government and sold to offshore investors by the Debt Management Office
January 26, 2022
Nigeria's public debt

Nigeria’s Bond Issuance Oversubscribed By N139 Billion – DMO

The Debt Management Office (DMO) has disclosed that the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of N139 billion. The debt office disclosed this in the FGN bond result released recently, saying the auction, which ended on January 19,
January 21, 2022

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