Nigeria's Total Debt May Hit N170trn as FG Plans to Borrow Fresh N31trn   The Federal Government plans to allocate a significant portion of its budget to debt servicing over the next three years, surpassing allocations for capital expenditures. This is according to the recently approved 2025-2027...

DMO Offers Two Savings Bonds For October Subscription   The Debt Management Office (DMO) has announced the opening of the October 2024 Federal Government of Nigeria savings bond offer, featuring two bond series with competitive interest rates. According to a bond circular on the DMO’s website, the...

FG Offers N150bn Bonds For September Auction   The Debt Management Office (DMO) has announced that the Federal Government was offering three bonds worth N150bn for the September auction. In a release, the DMO stated that the bonds, which were re-openings of previously issued instruments, would be...

Nigeria's External Debt Servicing Rises To $2.78bn   Nigeria’s debt servicing in the first seven months of this year rose by 53.63 per cent, or $971.47m, to $2.78bn, up from the $1.81bn recorded in the same period in 2023. This was disclosed in the Weekly International Payments...

FG Opens Offer For $500m Domestic Bond, Bars Cash Payment   The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five...

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...