FG Launches $500m Domestic Bond The federal government says its dollar-denominated domestic bond will be issued on Monday. Gbadebo Adenrele, managing director of investment banking, at United Capital Group, spoke on Thursday during a hybrid roadshow with investors organised by the Debt Management Office (DMO). On July...

DMO Offers Two New FGN Savings Bonds The Debt Management Office has offered two Federal Government of Nigeria savings bonds for subscription at N1,000 per unit. DMO in a statement posted on its website on Monday said the first offer is a two-year FGN savings bond...

FG Offers 16.67%, 17.67% Returns on New Savings Bonds The federal government yesterday opened application list for the first debt issuance in the second half with the launch of the July 2024 tranches of its monthly retail bond issuance, otherwise known as Federal Government of...

Nigeria’s Debt to GDP Ratio Surpasses 50% Nigeria’s debt-to-GDP ratio crossed 50% for the first time ever last week after the Debt Management Office published the country’s latest public debt figures. According to the DMO, Nigeria now has a public debt portfolio of N121 trillion, consisting...

Ways and Means and Nigeria’s Debt Situations By Abdulrahman Abdulraheem Nigeria is regarded as one of the potentially wealthy and resource-rich countries in the world even though that huge potential is yet to translate into real economic prosperity for the nation. Just like Oliver Twist, even...

Public Debt Hits N121tn Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023. The DMO in a statement...