DMO

DMO Cautions FG Against More Borrowing

June 22, (THEWILL) - The Debt Management Office (DMO), has cautioned the Federal Government against more borrowing. Noting that the projected FGN Debt Service to Revenue ratio of 73.5 percent for 2023 is high, the office warned that additional...

Nigeria Did Not Default In Chinese Debt Obligations – DMO

April 20, (THEWILL) - The Debt Management Office (DMO) has debunked media reports that the Federal government has defaulted on its Chinese debt obligations. The DMO made the clarification on Wednesday, while reacting to media reports which suggested the default....

Nigeria’s Public Debt Hits N46.25 Trillion In Q4 2022 – DMO

March 30, (THEWILL) - Nigeria’s total public debt stock rose to N46.25 trillion or $103.11 billion at the end of December 2022, the Debt Management Office (DMO) announced on Thursday. The new figure consists of the domestic and external total...

DMO Reopens Four Bonds Estimated at N360bn For Auction

The Debt Management Office (DMO) has listed four bonds valued at N360 billion for auction. Announcing the bond auction on behalf of the Federal Government, the DMO listed the first offer as a February 2028 FGN bond, valued at N90...

Nigeria’s Total Debt Stock To Hit N77trn On CBN Overdraft, New Loans

January 05, (THEWILL) – The Debt Management Office (DMO) has estimated that public debt stock could rise to N77 trillion at the end of President Muhammadu Buhari’s administration. Director-General, Debt Management Office (DMO), Patience Oniha, confirmed the figures on Wednesday,...

DMO Raises N615.557bn Sukuk Funds In 4 Years

The Debt Management Office (DMO) has raised N615.557 billion through Sukuk for the rehabilitation and construction of new roads across the country in four years. The Director-General of DMO, Ms Patience Oniha, made this known in her presentation titled: "Nigeria...

Total Public Debt Hits N44.06trn In Q3 2022 – DMO

December 10, (THEWILL) - Nigeria’s public debt reached N44.6 trillion in the third quarter of 2022 (Q3 '22), data released by the Debt Management Office (DMO) show. The DMO, in a press statement on its website, said the figure represents...

DMO Issues Two FGN Savings Bonds At N1,000 Per Unit

December 07, (THEWILL) - The Debt Management Office (DMO) has announced its December issuance of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. In a statement, the DMO said the first offer is a...

DMO Lists Ways to Tackle Nation’s Debt Burden, Revenue Challenges

December 05, (THEWILL)The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue challenges. Oniha said this at the 2022 Capital Market Correspondents Association of...

DMO DG To X-ray Nigeria’s Public Debt At CAMCAN Workshop

The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, will lead other market regulators to discuss the prospects of Nigeria's public debt at the 2022 annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN). The workshop...
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