Fed Govt September Bonds Oversubscribed By N215.22bn       The Federal Government’s bonds for the month of September worth N145bn which were auctioned on Wednesday, were oversubscribed by N215.22bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N360.22bn,...

Nigeria’s Debts: How Each Nigerian Owes N155,000       The Debt Management Office, DMO, has announced that the total debt stock of Nigeria rose to N31 trillion as of June 2020. It also said the debts are expected to rise this year following more debts to be sourced...

Bond Investors Get N160bn Interest Payment In 2 Weeks       Investors in the Federal Government of Nigeria (FGN) bonds are expected to reap N160 billion as interest (coupon) payment in two consecutive weeks even as the Debt Management Office (DMO) auctions N145 billion worth of bonds...

Nigeria Owes World Bank N3.96trn — DMO     Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown. An analysis...

Nigeria Borrowed N18.89trn Under Buhari's Regime – Report       Nigeria’s debt public debt hit a total of N31.01tn at the end of June, the Debt Management Office announced on Wednesday. This means that in the last five years under President Muhammadu Buhari, the country’s debt rose by...

Nigeria’s Debt Rises By N2.3trn, Hits N31trn – DMO     The Debt Management Office on Wednesday released Nigeria’s total public debt stock as of June 30, 2020, and put the country’s entire debt at N31trn, indicating an increase of N2.38trn within a space of three months. Nigeria’s...