N850bn Loan Will Enhance 2020 Budget Fiscal Efficiency, Says DMO   The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not a new borrowing but a mere fiscal step of converting external borrowing to domestic alternative...

FG April Bonds Oversubscribed By N215.67bn   The Federal Government’s bonds for the month of April worth N60bn offered on Wednesday were over oversubscribed by N215.67bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N275.67bn, comprising N49.7bn...

Fed Govt To Auction N60bn April Bonds   The Debt Management Office has said that the Federal Government will auction N60bn worth of bonds by subscription on April 22. A circular by the DMO on Wednesday showed the breakdown of the figure to include a N20bn five-year...

Nigeria Spends N254bn On Debt Servicing In Ninety Days     The Debt Management Office on Thursday reported that Nigeria spent a total sum of N254 billion to service the country’s debt obligations in just three months. Of these figures, FG paid N196.1 billion for the actual debt...

Nigeria’s Total Public Debt Rises To N27.4trn – DMO   The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of December 2019, according to latest figures released by the Debt Management Office on Wednesday. The development marked...

COVID-19: FG Suspends April Savings Bond Offer   The Federal Government has suspended its April 2020 savings bond offer, as a result of challenges of COVID-19 on the economy. The Debt Management Office disclosed on Wednesday that this decision was necessary after President Muhammadu Buhari, announced restrictions...