Nigeria’s Total Public Debt as of December 31, 2020, stood at N32.915 Trillion. The figures include the Debt Stock of the Federal and State Governments, as well as, the Federal Capital Territory.

…Says it was paid directly to creditors by OAGF By Emma Ujah The Debt Management Office (DMO) has explained that the N2.1 trillion allocated for Debt Service in the 2018 federal government budget was paid directly to the creditors by the Office of the Accountant-General of the Federation (OAGF). The agency said, yesterday, that the […]

…says it can only account for N721, 251, 798 …as Reps query accountant-general over unaccounted funds    By Levinus Nwabughiogu-Abuja Debt Management Office (DMO) has denied the receipt of N2.2 trillion in its 2018 budgetary allocation. The Office said the money was not released to them but managed by the Office of the Accountant-General of […]

By Vincent Ujumadu – Awka Anambra State government has denied receiving N25 billion bond from the Debt Management Office, DMO, describing as bizarre a statement credited to the Senator representing Anambra South, Senator Ifeanyi that the state government secretly raised the bond without the knowledge of the national assembly. The said bond was said to […]

The Federal Government’s bonds for the month of September worth N145 billion were oversubscribed by N215.22 billion, the Debt Management Office, DMO, disclosed on its website. The total subscription received from investors for the bonds, which were auctioned on Wednesday, was N360.22 billion, comprising N83.83 billion for 12.5 per cent FGN January 2026 bonds; N71.4  […]

By Emma Ujah, Abuja Bureau Chief The Debt Management Office (DMO), Wednesday, put the nation’s total public debt stock at N31.009 trillion or $85.897 billion, as at June 31, 2020, representing 8.3 percent rise from N28.628 trillion in March 2020. The figure comprised the debt stock of the federal government, the 36 state governments and […]

By Emma Ujah, Abuja Bureau Chief Federal government’s borrowings are fuelled by persistent budget deficits, the Director-General  of the Debt Management Office, DMO,  Ms. Patience Oniha, said yesterday. There have been concerns about the nation’s rising debt profile but the DMO boss told journalists, in Abuja that the current economic situation in the country had […]

The Debt Management Office, DMO, has said Nigeria’s foreign debt was not $76 billion but $27 billion. The DMO was responding to the Freedom of Information, FoI, request by Falana & Falana law firm which, in a request dated June 20, 2020, asked it to provide information on the nation’s ‘’external loan of $76 billion.’’ […]

The Debt Management Office (DMO), yesterday, refuted allegations of corruption in the organisation.

Emma Ujah The Debt Management Office (DMO) has announced the resumption of its monthly Offers of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective August 2020. The DMO suspended the Offers of the FGN Savings Bond in April due to the restrictions on activities and movement as part of measures adopted by […]

Emma Ujah The federal government spent a total of N609,134,926,039.42 in debt service between January and March 2020. The data obtained from the website of the Debt Management Office (DMO), Thursday evening, indicated interest on NTBs stood at N111.605 billion; interest on FGN Bonds, N488.935 billion; FGN Savings Bonds debt servicing took N392.794 billion while; […]

The Debt Management Office, DMO, said yesterday that the total borrowing by Nigeria from China was $3.121 billion (N1,126.68 billion at USD/N361), as at March 31, this year.

Emma Ujah The Federal Government’s third Sovereign Sukuk has recorded a 446 per cent subscription. The Debt Management Office (DMO) announced, this evening, that it offered N150 billion to investors in the exercise. It said that the offer attracted a very high level of subscription from investors who staked N669.124 billion. The DMO said: “The […]

By Babajide Komolafe The Debt Management Office (DMO) will, today,  conduct bond auction by offering N60 billion worth of Federal Government of Nigeria (FGN) bonds to investors. This comes as the databank of the Central Bank of Nigeria, CBN, shows further rise in the nation’s external reserves. According to the revised debt issuance calendar for […]

CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria, FGN. The appointment of the firm, as announced by the Debt Management Office (DMO) followed an open competitive bidding process in which other stockbrokers participated.