30 results
- 4 Oct 2015
DMO Underscores Online Publishers Role in Debt Management
The Debt Management Office (DMO), has described online publishers as formidable force to reckon with in the nation’s debt management operations. Dr. Abraham Nwankwo, director general of the Debt…
- 9 Aug 2026
FG Spent N3.1 Trillion on Domestic Debt Servicing in Q1- DMO
Debt Management Office (DMO) said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter of 2026. The office disclosed the data in its latest domestic debt…
- 21 Jun 2024
Nigeria’s Public Debt Now N121trn - DMO
Debt Management Office (DMO) says Nigeria’s total public debt has reached N121.67 trillion within three months. The Cable reports that this figure represents an increase of N24.33 trillion or 24.99…
- 5 Jan 2023
Alarm over National Debt Unnecessary – DMO
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a…
- 3 Mar 2021
DMO Clears Air on Alleged Missing N2.2 Trillion
Debt Management Office (DMO) has declared that N2. 2 trillion, which could not be traced by the National Assembly is not missing. The DMO in a statement said: “The provisions in the Annual…
- 22 Mar 2024
Nigeria’s Public Debt Reached N97 Trillion in December 2023 – DMO
Debt Management Office on Friday, March 22, announced that Nigeria’s public debt stock as of 31 December 2023 is N97.341 trillion (108.229 billion dollars). The agency which noted that the…
- 12 Dec 2014
DMO to Sell N6Bbn Worth of Bonds Dec. 17
The Debt Management Office (DMO) says it plans to sell N65 billion worth of sovereign bonds on Dec. 17. In a circular posted on its Website, the Debt Management Office said that the bonds' maturity…
- 1 Dec 2013
Nigeria Owes $8.2Tr- DMO
Dr. Abraham Nwankwo, director general, Debt Management Office (DMO) has put Nigeria’s debt as at September this year at $8.2 trillion which he said is 22 per cent of the total Gross Domestic Product,…
- 4 Aug 2008
DMO Bond Records N12.23 Bn Over-Subscription
Debt Management Office (DMO) has said that the ten-year Federal Government Bond worth N20 billion issued in May, 2008 was over subscribed with N12.23 billion. A statement by Mr. Joseph Inokotong, DMO…
- 21 Dec 2012
DMO raises N60Bn from Bond Sales
Debt Management Office (DMO) said it has traded bond worth N60 billion on the Nigeria Stock Exchange (NSE) since 2006 the bond market was resuscitated. Dr Abraham Nwankwo, director-general, DMO who…
- 18 May 2023
FGN Securities Aids National Development, says DMO
Debt Management Office (DMO) says investment in Federal Government of Nigeria (FGN) Securities is a way of contributing to national development, according to NAN report. Patience Oniha,…
- 19 Apr 2026
FG Borrows N100Bn from Unclaimed Dividends, Dormant Bank Accounts
Federal government has recorded a N100 billion borrowing from unclaimed dividends and dormant bank accounts, as new data from the Debt Management Office (DMO) showed that funds warehoused under the…
- 22 Jan 2013
Reps Ask DMO to Refund N200m
Debt Management Office (DMO) has been accused of tax evasion and other financial recklessness and has been given 48-hour ultimatum to refund N200 million to the federal government. The accusation and…
- 8 Jul 2014
DMO Cautions Banks against Lending to Govts
Debt Management Office (DMO) has warned all banks operating in the country that further contravention on the requirement for lending to all tiers of government will be met with full sanctions.…
- 20 Feb 2025
DMO Appoints Stanbic IBTC as New FG Stockbroker
The Debt Management Office (DMO) on Thursday appointed Stanbic IBTC Stockbrokers Limited as the Federal Government’s official stockbroker, marking a strategic move to bolster Nigeria’s domestic bond…
- 4 Oct 2013
DMO Says Demos tic Market Has Increased Forex Inflow
Debt Management Office (DMO) on Friday said that its domestic debt market initiative had helped to increase inflow of foreign exchange. It said that this had also contributed to the growth of…
- 17 Apr 2014
DMO to Sell Bonds Worth N50Bn
Debt Management Office (DMO) on yesterday said it would sell bonds worth N50 billion. The bonds comprise N25 billion of three-year paper and N25 billion in the 10-year paper. This is contained in the…
- 18 Jan 2013
DMO to Sell N360Bn Bond in Q1
Debt Management Office (DMO) on Wednesday said that it planned to raise between N210 and N360 billion in sovereign bonds from five years to 20 years in the first quarter of 2013. It said in a…
- 11 Nov 2016
Nigeria to Sell N95Bn in Bonds Next Week – DMO
Nigeria plans to sell N95 billion ($301.8m) of bonds on November 16, the Debt Management Office (DMO) said on Friday. The office said it would sell N35 billions of a bond maturing in 2036, and N25…
- 13 Aug 2024
DMO Offers Two FG Savings Bonds for Subscription
The Debt Management Office (DMO) on behalf of the Federal Government has offered two Federal Government savings bonds for subscription at N1,000 per unit. The debt agency announced this in a…
- 20 Jul 2022
DMO Raises N8.8bn from Savings Bond
The Debt Management Office (DMO) has stated that it raised N1.367 billion from the Federal Government Savings Bond auction held this month bringing the total value of the amount raised in the year to…
- 4 Feb 2015
Nigeria to Raise N90Bn in Bonds on February 11
Nigeria plans to raise N90 billion ($475 mln) in sovereign bonds with maturities ranging between five and 20 years at its next regular auction on Feb. 11, the Debt Management Office (DMO) said…
- 16 Dec 2021
DMO Offers N250bn Sovereign Sukkuk for Subscription
The Debt Management Office, DMO, has offered for subscription N250 billion Sovereign Sukuk instrument for N1,000 per unit. DMO stated this yesterday on its website saying: ”This Sovereign Sukuk,…
- 9 Feb 2018
FG Plans $2.5bn Eurobond to Lower Government Cost
A proposed $2.5 billion Eurobond to refinance some of Nigeria’s treasury bill portfolio will not increase its overall debt stock but helps to lower cost, the Debt Management Office (DMO) said on…
- 7 Apr 2013
DMO Says FG to Raise 410Bn from Bonds
Debt Management Office (DMO) has said that the Central Bank of Nigeria (CBN) may sell as much as N410 billion worth of bonds during the second quarter of this year. It said that bond sales for the…
- 20 Jan 2026
FG Shops for N900Bn from Domestic Market with High-Yield Bonds
Debt Management Office (DMO) has moved to raise N900 billion from the domestic debt market with the offer of three Federal Government of Nigeria (FGN) bonds carrying interest rates of up to 22.6 per…
- 23 Oct 2014
DMO Stops Banks from Lending to State Govts
Debt Management Office (DMO) has stopped the commercial banks from lending to the state governments as well as local governments across the country. Timothy Odaah, chairman of Commissioners of…
- 17 Feb 2026
DMO Offers ₦800bn FGN Bonds in February Auction Surge
Debt Management Office (DMO) plans to raise ₦800 billion through Federal Government of Nigeria (FGN) bonds in February 2026, a 128.6% jump from the ₦350 billion mobilised last year, highlighting the…
- 28 Sept 2017
FG Plans $2.5bn Eurobond to Fund Capital Projects
The Debt Management Office (DMO) yesterday said the Federal Government would float an Eurobond to raise 2.5 billion dollars before the end of 2017. Ms Patience Oniha, the DMO Director-General, made…
- 6 Aug 2019
Nigeria Guzzles Chinese Loans, Debt Threatens Economy
Nigeria is guzzling China loans and at last count Chinese credit accounts for 80% of all bilateral lending to Nigeria. Debt Management Office (DMO), the government agency established to…