September 2018 FGN Bond Auction Oversubscribed The FGN Bond Auction for September 2018, which was conducted by the Debt Management Office (DMO) on Wednesday, September 26, 2018 was oversubscribed, as was the case for the August 2018 Auction. Total subscriptions received from bidders for three...

Banks must get Adeosun’s approval before lending to states – DMO To reduce their exposure to huge indebtedness, the state governments can no longer borrow from the banks or the bond market without the express approval of the Minister of Finance acting on the advice...

IMF Doubts Nigeria’s Capacity to Repay Debts The International Monetary Fund(IMF) has expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilize more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue...

DMO - At end Of 2017,Debts Rose To N21.7tr ...Up By N4.4tr In One Year   Nigeria’s total national debt grew to N21.7 trillion ($70.92 billion) at the end of December 2017, the Director General of Nigeria’s Debt Management Office told a news briefing on Wednesday. It...

DMO -FG Borrows $300m From Nigerians Abroad The Federal Government borrowed $300m from Nigerians in the Diaspora before it secured the approval of the National Assembly, the Debt Management Office indicated on Wednesday. The DMO gave this indication in a response to an enquiry by a...

DMO Assures Investors On N10.96bn Green Bond The Debt Management Office, DMO has disclosed that N10.96 billion sovereign green bond, the first ever in Nigeria and Africa, which opened to the investing public yesterday, is risk free and targeted at specific environment related projects. •Oniha, DG,...