Nigeria Raises N380.77bn in May Bond Auction The Nigerian government has raised N380.769 billion in a highly subscribed bond auction conducted on May 13, 2024. However, the amount raised is 39% less than what was raised in the April FGN bond auction. The aggregate subscription across all...

Nigeria Spends $1.12bn on Foreign Debt Servicing in Q1 The Federal Government spent about $1.12bn on foreign debt service payments in the first quarter of 2024, highlighting the growing burden of external debt on the nation’s finances. Data obtained from the international payment segment of the...

DMO to Issue April 2024 Savings Bonds at 18.046%   The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum. According to the announcement made by the DMO, the 2-year FGN...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Nigeria’s Debt Servicing Expense Doubles to N7.8tn in 2023 – Report Nigeria spent a sum of N7.8 trillion to service its debt obligations in 2023, a 121% increase compared to N3.52 trillion incurred in the previous year. This is according to analysis of data released by...

Fed Govt offers N450b bonds to investors The Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. It was learnt last night that the Debt Management Office...