In 9 Months, External Debt Servicing Gulps $1.08bn - DMO     The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data obtained from the Debt Management Office revealed that in the nine-month period, $279.63m (N103.46bn) was paid to...

Debt Exceeds Revenue In 36 States, FCT - FRC   All the 36 states of the federation contravened the guidelines of the Debt Management Office by contracting debts exceeding their 12-month revenues, the Fiscal Responsibility Commission has said. According to the DMO guidelines on borrowing, no state...

FG Offers Fresh Savings Bonds To Investors   The Federal Government, on Tuesday, offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and credit of the Federal Government and charged...

January 2020 FGN Bond Auction Oversubscribed By Over 300%   The January 2020 FGN Bond Auction by Debt Management Office (DMO) which took place on Wednesday, January 22, 2020 was oversubscribed by more than 300%. The DMO offered N155.00 Billion of three (3) Instruments (5-Year, 10-Year and...

FG Seeks New Investment In N155bn Bonds Auction   The Federal Government is scheduled to auction N155bn worth of bonds on January 22. The Debt Management Office, on behalf of the Federal Government, opened the subscription offer for the January bond by reopening the APR-2023, APR-2029 and...

FG, DMO Open January Savings Bond For Subscription   The Federal Government has through the Debt Management Office opened the January savings bond offer to investors. The DMO on Monday offered a two-year and three-year savings bonds for subscription. The DMO said in a circular that the bonds...