The Debt Management Office allotted N5.06bn to investors in its November Federal Government of Nigeria Savings Bond offer, representing a 17.4 per cent decline from the N6.12bn recorded in October, as subscriptions fell across both investment tenors.
Nigeria could enter 2030 with a considerably smaller debt burden relative to the size of its economy and far less room in its revenue to meet other government obligations.
The Debt Management Office (DMO) has projected that the debt service-to-revenue ratio wouldl reach 71.7 percent by 2030 under its baseline scenario, significantly above the agency’s recommended threshold of 50 per cent.
The Debt Management Office rejected approximately ₦1.84 trillion in investor subscriptions at Wednesday’s Nigerian Treasury Bills auction, allotting just ₦71.16 billion as the one-year stop rate declined to 15.80 percent.
The Federal Government is targeting ₦1 trillion from investors through its September 2026 FGN bond auction, with the Debt Management Office (DMO) setting a minimum subscription of ₦50.001 million.
The funds were raised through eight Federal Government of Nigeria bond auctions conducted by the Debt Management Office during the period, as investors continued to show strong appetite for government securities despite the government’s cautious approach to borrowing costs.
Federal Government launches a ₦1.1 trillion FGN bond offer through the Debt Management Office (DMO) to raise long-term domestic financing.
Three bond re-openings with coupon rates of 22.60%, 16.2499% and 15.45% will be auctioned on August 17, with...
The Debt Management Office has opened subscriptions for its August 2026 savings bond, offering annual returns of up to 14.963 percent.
Nigerians can invest from N5,000, with subscriptions closing on August 7 and settlement scheduled for August 12.
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The Federal Government is seeking to raise up to N1.2 trillion by reopening three FGN bonds, reinforcing its reliance on the domestic debt market to finance budget implementation and manage public debt obligations.
Rather than issuing new securities,...
July 7 (THEWILL) — The Debt Management Office (DMO) has opened subscriptions for the July 2026 Federal Government of Nigeria (FGN) Savings Bond, offering investors annual returns of up to 15.716 percent, the highest rate since the beginning of...
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
