ANALYSTS are divided in their predictions for the outcome of the Monetary Policy Committee (MPC) meeting holding today and tomorrow even as the Debt Management Office (DMO) flags off its bond issuance programme for the third quarter (Q3’19) with a N145 bond auction this week. 

The nation’s publicdebt stood at N24.947 trillion ($81.274 billion) at the end of March, this year, according to data released by the Debt Management Office, DMO, yesterday.
The debt stock is an indication of a marginal 2.3 per cent increase when compared to the public debt stock as at end December, 2018.

The nation’s public debt stood at N24. 947 trillion ($81.274 billion) at the end of March, this year.

THE declining trend of stop rates in    the monthly FGN bond offer is expected to persist this week when the Debt Management Office, DMO, conduct the June offer of  N100 billion.

The Federal Government says it allotted N438 million to 469 subscribers during its sale of savings bond in June.

The Debt Management Office (DMO) has explained that it could issue Eurobonds to finance the 2019 federal government budget. 

Nigeria Employers’ Consultative Association, NECA, yesterday, expressed fears over Nigeria’s mounting debt burdens, following the release of third quarter report of Debt Management Office, DMO, and 2019 budget assumptions.

Bonds auction results in the past few months for both the Federal Government Bonds and the Savings Bonds shows that the level of patronage has declined.

ABUJA- THE Senate, Wednesday expressed its disappointment over Federal government’s inability to settle the outstanding subsidy payment that now stands at over N863 billion, with tendency to go beyond that if not paid.

THE Debt Management Office (DMO) will this week issue N115 billion worth of FGN bonds with investors anticipating the bonds will be issued at higher interest rate.