The Debt Management Office (DMO) has opened a seven-year N300 billion forward Ijarah (lease) Sukuk at a “rental rate” of 19.75 percent per annum.

Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB   Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group, Prof...

FG Offers $2.2bn Eurobonds to Three US Lenders   Nigeria is returning to the international capital markets for the first time in over two years, issuing Eurobonds to bridge its growing fiscal deficit. According to a document presented to potential investors, the government will offer a 6.5-year...

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...

FG Seeks N360bn In New Bond Auction   The Federal Government will today seek to raise about N360 billion in new borrowings as part of its regular debt issuance to finance budget deficit and augment national revenue. At the auction, the first of series of debt issuances...

Budget Deficits, Low Revenue To Blame For Rising Debts – DMO   The Debt Management Office (DMO) has said decades of operating budget deficits by successive governments were responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency...