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Tag: DMO

  • FG to auction N135bn bonds August 23 – DMO

    FG to auction N135bn bonds August 23 – DMO

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    by

    Olaotan Falade
    in ,

    The Federal Government has offered for subscription by auction, N135 billion bonds in its Aug. 23 auction, according to the Debt Management Office. The offering circular obtained from the DMO’s website on Tuesday in Abuja indicated that it would sell N35 billion of a bond, to mature in July, 2021, at 14.50 per cent. It…

  • Mounting debt profile: DMO bars states from further borrowing

    Mounting debt profile: DMO bars states from further borrowing

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    by

    Olaotan Falade
    in ,

    …urges states to be more proactive in generating funds internally The old practice where States had easy access to borrowing from either foreign or local borrowing windows has now been halted. The new Director –General of the Debt Management Office (DMO), Ms. Patience Oniha made this disclosure yesterday in Abuja when the Edo State Governor,…

  • FG names new DMO director general

    FG names new DMO director general

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    by

    Olaotan Falade
    in ,

    The Federal Government has appointed a director general for the Debt Management Office, DMO. She is Patience Oniha. Ms. Oniha, whose appointment took effect from July 1, succeeds Abraham Nwankwo who retired from service last week. The DMO is the government agency responsible for coordinating government strategy for the management of public debts. Until her…

  • Nigeria’s debt profile now $57.39bn — DMO

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    Olaotan Falade
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    The Debt Management Office, DMO, on Sunday said the nation’s total debt profile currently stood at $57.39 billion. Director-General of DMO, Dr. Abraham Nwankwo disclosed this when he appeared before the Senator Shehu Sani’s Committee on Foreign and Local Debts to defend his agency’s budget proposal. The DG said the total debt stock comprised external…

  • DMO to issue N130bn bonds

    DMO to issue N130bn bonds

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    by

    Olaotan Falade
    in

    The Debt Management Office says it will raise N130billion worth of bonds in three categories on Jan. 18. The DMO said this in its January “Bond Circular” posted on its website on Tuesday. The issuance will be the first in 2017. According to the DMO, the three categories of bonds include a 20-year bond, a…

  • Nigeria to issue N95bn bonds on Dec. 14 – DMO

    Nigeria to issue N95bn bonds on Dec. 14 – DMO

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    by

    Olaotan Falade
    in , ,

    Nigeria plans to sell N95 billion (302 million dollars) worth of bonds on Dec. 14, its last debt auction for the year, the Debt Management Office (DMO) said on Tuesday. The office said it would sell N35 billion of a bond maturing in 2036; N25 billion of paper maturing in 2026 and N35 billion of…