Tinubu Inherited N87.38trn Debt not N21trn – DMO The Debt Management Office (DMO) has debunked recent media reports claiming that President Bola Ahmed Tinubu inherited N21 trillion in public debt which arose to N142 trillion. In a statement issued by the DMO on Monday, the agency...

FG Plans to Raise N450bn Through Bond Auction in January 2025   The Federal Government is gearing up to raise a whopping N450 billion through its January 2025 bond auction, courtesy of the Debt Management Office (DMO). This figure surpasses the N360bn offered in January 2024 and...

Nigeria’s Public Debt Hits N142tn as Servicing Gulps N3.57tn in Q3 2024 – DMO Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and...

FG Targets N1.8trn Bond Sale in Q1, 2025 The Federal Government has announced plans to generate N1.8 trillion through bond sales in the first quarter of 2025, as disclosed by the Debt Management Office (DMO). The proposed issuances, detailed in the newly released FGN Bond Issuance...

DMO Says Adequate Budgetary Provisions in Place to Meet Foreign, Local Debt Obligations The Debt Management Office (DMO) says the Federal Government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations. It said this in a statement on Wednesday in Abuja. According...

FG Offers $2.2bn Eurobonds to Three US Lenders   Nigeria is returning to the international capital markets for the first time in over two years, issuing Eurobonds to bridge its growing fiscal deficit. According to a document presented to potential investors, the government will offer a 6.5-year...