World Bank: FG Eyes Six Loans as Nigeria’s Debt Hit $9.2bn The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the...

FGN Bond Auction Attracts N1.63tn Subscriptions in One Month  The Federal Government’s bond auction for February recorded a surge in investor demand, with total subscriptions rising to N1.63tn, a significant increase from the N670.94bn recorded in January. The sharp rise in demand led to higher allotments,...

Nigeria's 10-Year Bond Offers 22.6% Yield The Debt Management Office (DMO) opened a new 10-year tenured bond at 22.60 percent, the highest yield and coupon rate on record for FGN bonds. The 10-year bond, also referred to as the (Jan-2035), is a new FGN bond that...

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...