DMO Offers Two FG Savings Bonds For Subscription   The Debt Management Office (DMO), has announced the offering of two Federal Government of Nigeria (FGN) savings bonds for subscription. The first offer is a two-year FGN savings bond, which will be due on October 12, 2024 at...

Amid Revenue Crisis, Nigeria’s Debt Rises to N42.84tn - DMO Report The Debt Management Office official report has shown that domestic debt pushed Nigeria’s total public debt stock from N41.60tn as of March 2022 to N42.84tn as of June of the same year, showing an...

Undisbursed Loans Raise Nigeria’s World Bank Debt To $21.15bn   Undisbursed loans may drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn. This shows that the yet-to-be disbursed loans can increase Nigeria’s debt to the lending institution by 66.27 per cent. The audited financial statements of...

Nigeria’s Debt To World Bank Increases By $660m The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022. This is according to data from both the Debt Management Office and the financial statements of the...

FGN Bond: Tight Monetary Policy Threatens FG’s N720bn Borrowing Plan   The Federal Government’s plan to borrow about N720 billion through FGN bond auctions in the third quarter, Q3’22, has come under fresh threat following increasing investors’ appetite for higher yields triggered by the adoption of...

N41.6tr debt: Nigeria Fails Disclosure Rule set for IDA counties - World Bank The World Bank has announced that Nigeria has failed to meet full disclosure rating conditions on debt reporting over the past three years. Also,  Debt Management Office (DMO) data showed that the country’s...