Tag: DMO
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Investors showing high level of demand for FG bonds – DMO
The Debt Management Office (DMO), says investors have in recent months been showing high level of demand at Federal Government bond auctions, a development which continued at the auction for June. A statement issued by the organisation on Wednesday in Abuja, noted this was evident at an auction carried out by it where three instruments…
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FG allots N438m to 469 savings bond subscribers in June – DMO
The Federal Government says it allotted N438 million to 469 subscribers during its sale of savings bond in June. The results of the sales obtained from the website of the Debt Management Office (DMO) on Friday in Abuja, showed that N108.8 million was allotted for June 2021 at 11.41 per cent. It also indicated that…
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FG offers N100bn worth of bonds on June 26
The Federal Government has offered for subscription by auction N100 billion worth of bonds in its June 26 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N30 billion of a five year re-opening issue maturing in April 2023 at 12.75…
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N15b Green Bond oversubscribed by 220% – DMO
Nigeria’s second Sovereign Green Bond offered for N15 billion has been oversubscribed by 220 per cent, the Debt Management Office (DMO) said on Thursday. A statement from DMO said “the proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris…
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DMO sells N100bn FGN bonds today
Federal Government of Nigeria (FGN) bonds worth N100 billion would be sold to investors today by the Debt Management Office (DMO). The paper would be auctioned in three maturities; 5-year bond maturing in 2023, 10-year bond maturing in 2029 and the debut 30-year bond maturing in 2049. The debt office said in a notice it…
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Nigeria’s total debt stock grows to 24.3trn – DMO
The Debt Management Office (DMO) has announced Nigeria’s total debt stock comprising external and domestic debts stand at N24.387 trillion. Director General of the DMO Ms. Patience Oniha made this disclosure at the public breakdown of the nation’s public debt data in Abuja on Thursday. According to Oniha: “the Total Public Debt stood at N24.387…
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Nigeria’s public debt stock hits N22.38trn
The Debt Management Office (DMO) has said Nigeria’s total public debt stock now stands at N22.38 trillion or $73.21 billion. The nation’s debt stock comprises external and domestic debts of the federal government, the 36 states of the federation and the Federal Capital Territory (FCT). In a statement issued by the debt office, it was…
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N800bn Subsidy Debt: DMO, finance ministry move to avert fuel crisis
The federal government has begun moves to dialogue with oil marketers over debts owed them, to avert a fuel crisis in the forthcoming festive season. The moves came amid reports that some of the marketers have dissociated themselves from last Sunday’s ultimatum for the payment of the outstanding fuel subsidy debt. According to a report…
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Nigeria borrowed over N2tn local, foreign loans to fund 2017 budget – DMO
The Debt Management Office (DMO) on Monday said the Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget. DMO said this in its 2017 Annual Report made available to newsmen in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the foreign…
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FG floats N100bn 2nd tranche Sukuk bond in December
Ms Patience Oniha, Director-General, the Debt Management Office (DMO), on Thursday expressed optimism that the second tranche of N100 billion sukuk bond would be floated before the end of 2018. Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.…