AGS NEWS – The Debt Management Office (DMO) has announced the availability of two Federal Government of Nigeria (FGN) savings bonds for subscription, priced at N1,000 per unit. The first bond is a two-year savings bond maturing on August 21, … Continue reading DMO offers two new FGN bonds
The Debt Management Office (DMO) has revealed its offering of Ijarah Sukuk valued at N150 billion in a recent statement. These bonds are issued by the Federal Government of Nigeria (FGN) Roads Sukuk Company PLC on behalf of the Government. … Continue reading DMO offers N150b Sukuk Bond for subscription
Nigeria’s foreign debt has increased to N49.85 trillion ($108.30 billion) as of March 31st, 2023, compared to N46.25 trillion in December 2022, according to the Debt Management Office. In a statement shared on Twitter, the DMO disclosed that the total … Continue reading Nigeria’s total debt reaches N49.85 trillion
The Debt Management Office (DMO) predicts that Nigeria’s total public debt could reach N81.64tn this year, based on its 2022 Debt Sustainability Analysis Report. The report reveals that the increase in total public debt-to-GDP ratio from 23.4% in September 2022 … Continue reading Nigeria’s debt approaching N81tn raises concerns for DMO due to low revenue
The Debt Management Office (DMO) has revealed that the Federal Government of Nigeria will begin the repayment of the principal to service the loans from the Central Bank of Nigeria (CBN) through the Ways and Means Advances in four years’ … Continue reading DMO reveals FG’s plan to start repaying N22.7tn loan from CBN in 2026
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