The Debt Management Office (DMO) has announced that its offer for the N100 billion 7-year debut Sukuk Offer, which closed last week Friday was oversubscribed. Investors across a broad spectrum comprising Pension Funds, Banks, Fund Managers, Institutional and Retail Investors subscribed to the Offer in...

Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, the Debt Management Office (DMO) said. The DMO, according to a report on its website said the external debt stock of both the state and...

The Director-General of Debt Management Office (DMO), Patience Oniha, has disclosed that the government is targeting the N100billion Islamic bond, Sukuk, on improving road infrastructure in the country. The Director-General said this at various stops of the roadshow organised to drum support for the bond,...

The Federal Government has commenced a national roadshow in preparatory to the issuance of N100billion non-interest bearing Islamic bond, better known as Sukuk. A statement issued by the Debt Management Office in Abuja said the roadshow will be led by the Director-General of the DMO,...

The Debt Management Office said Federal Government can borrow up to but not more than $22billion in the 2017 fiscal year. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of...

The Debt Management Office (DMO) has announced the Federal Government's plans to sell N135 billion worth of bonds in its July 12 auction. The offer circular, which was obtained from its website on Wednesday in Abuja, said it would sell N35 billion of bonds that...