Investors stake N458.2bn for N140bn FGN Bond
Emma Ujah – Abuja Bureau Chief The appetite of investors to take up Federal Government Bond has remained unabated, as they staked a total of N458.2 billion for the N140 billion bond put on offer by the Debt Management Office (DMO), yesterday. The auction exercise was also characterised by a reduction in the allotment rates […]
FG may issue Eurobonds to finance 2019 budget — DMO
The Debt Management Office (DMO) has explained that it could issue Eurobonds to finance the 2019 federal government budget.
Nigeria’s rising debt profile, worrisome —NECA
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.
Level of liquidity may be responsible for dwindling bonds subscription- DMO
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.
Over N863b Subsidy: Senate Gives FG one week to meet with CBN, DMO, Stakeholders, Oil Marketers
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.
Investors anticipate higher rates as DMO offers N115bn FGN bonds
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.
FG to float 2nd tranche N100bn Sukuk bond by year-end – DMO
Director-General, Debt Management Office, DMO, Ms. Patience Oniha, yesterday, indicated that the second tranche of N100 billion Sukuk bond would be floated before end of 2018.
Debt owed China only 8.5% of external debt —DMO
ABUJA—Debt Management Office, DMO, has explained that loans obtained by the Federal Government from China represented only 8.5 per cent of Nigeria’s external debt and taken under concessionary terms.
Lagos has highest foreign debt portfolio – DMO
Lagos State, the commercial nerve-center of Nigeria, has retained its position as the state with the highest foreign debt in the country, with a foreign debt put at 1.45 billion dollars as at June 30.
August bond auction oversubscribed by N10.09bn, says DMO
The Debt Management Office (DMO) said the Federal Government’s bond auction for August conducted on Wednesday was oversubscribed by N10.09 billion.
DMO raises N410bn to finance 2018 budget
The Debt Management Office (DMO) has raised N410 billion from the domestic capital market as public borrowings to fund the 2018 budget. The federal government had indicated that N1.6 trillion would be borrowed to finance about N1.95 trillion deficit contained in the budget.
DMO raises N4120b to finance 2018 budget
The Debt Management Office ( DMO) has raised N410 billion from the domestic capital market to fund the 2018 budget.
DMO raises N66.9bn Bond
As part of the capital raising for the 2018 Budget, the Debt Management Office, DMO, has raised N66.9 billion at the FGN Bond Auction.
Rising debt service to revenue ratio can expose Nigeria to debt crisis, DMO warns
Debt Management Office, DMO, yesterday warned that Nigeria’s high debt service to revenue ratio, which deteriorated in 2016, could trigger a debt crisis.
FG makes N343.05m from savings bond in July – DMO
The Federal Government said it made N343.05 million from sales of savings bond in July.
We’re operating approved debt management strategy — DMO
Abuja—The Debt Management Office, DMO, has said that it was operating a approved Debt Management Strategy.
