DMO to conduct N150bn FG’s bond on Wednesday
The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria (FGN) will conduct a bond worth N150 billion at the Primary Market Auction (PMA) on Wednesday, October 20,…
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No foreigners no problem, as Nigeria holds another successful local bond auction
The Debt Management Office (DMO) held another successful auction of Federal government bonds on Wednesday, when it offered N150 billion but attracted more than two times the offering with a…
Naira strengthens after Nigeria issues Eurobond
Naira, Nigeria's legally approved means of exchange on Wednesday recorded marginal appreciation at the official window, a day after the country issued $4 billion Eurobond.
Liquidity in…
Nigeria raises $4bn Eurobond as foreign investors oversubscribe four times
After an intensive two days of virtual meetings with investors across the globe, Nigeria has raised the sum of $4 billion through Eurobonds, with investors demanding more than four times the…
DMO finalizes plan to restructure CBN’s N10trn overdrafts to govt’
The Debt Management Office (DMO) is working out the process of restructuring the well over N10trillion overdrafts of the Central Bank of Nigeria (CBN) for government financing to a long-term…
Nigeria’s debt rises to N32.9trn
Nigeria’s total debt stood at N32.915 trillion as at December 31, 2020, according to figures released by the Debt Management Office (DMO).
The debt includes the debt stock of the federal…
Military airstrikes eliminate scores of terrorists in Borno
The military authorities say the air task force of Operation Lafiya Dole has knocked down more terrorists’ hideouts, killing scores in two locations in Borno State.
The coordinator, Defence…
FG to refinance 3.6trn local debt in 2020
The Federal government plans to refinance up to N3.6trn local debt in 2020, according to the Debt Management Office (DMO).
The refinancing includes some N1.13trn worth Federal Government…
FG offers July savings bonds for subscription at lowest rates this year
The Federal Government of Nigeria (FGN) has offered for subscription two Savings Bonds in July, making it the seventh of such offering since the beginning of the year.
FGN Savings Bond is…
‘Nigeria’s political, economic arrangement inhibiting diversification’
The paradox of a federal state with a unitary economic management model has been cited as a major reason Nigeria is yet to achieve economic diversification, despite effort by successive…