FG Seeks To Borrow N360bn In New Bond Auction   The Federal Government will today raise about N360 billion in new borrowings as part of its regular debt issuance to finance budget deficit and augment national revenue. It is the last bond auction by the outgoing...

FG's Debt Servicing To Hit N10.43trn   The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper. This is a 182.66 per cent increase from the N3.69tn budgeted for debt service in...

DMO Commemorates Eurobond, Sukuk Listings On NGX   The Debt Management Office has leveraged the closing gong ceremony of Nigerian Exchange Limited to commemorate the listing of a triple-tranche $4bn Eurobonds, $1.25bn Eurobonds and the N250bn Sukuk on the Exchange. The event, which took place on Thursday,...

Fed Govt Implementing Reforms To Attract More Investments – DMO   The Debt Management Office has said the Federal Government is implementing several reforms to attract more investments into the country. The Director-General, DMO, Ms Patience Oniha, said this during the third edition of Coronation Merchant Bank’s...

FG Plans More Sukuk Bonds To Fund Projects       The Federal Government plans to upscale its alternative financing programme by issuing more Sukuk bonds to fund projects, building on the back of huge successes recorded on previous issuances. It had raised N362.6 billion in three previous issuances...

FG Lists N163bn Sovereign Sukuk     The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors to trade on the non-interest bond. The Debt Management Office (DMO), which oversees Nigeria’s government debt issuances, listed the N162.56 billion,...