Nigeria’s Debt Management Office, DMO, sold treasury bills valued at N2.669 trillion across its auctions in March 2024. FMDQ disclosed this in its recent Markets Monthly Report for March. The amount represents a 3.07 per cent (N79.54 billion) month-on-month (MoM) increase in the value of treasury bills sold across auctions in February 2024 (N2.589 trillion). […]
El-Rufai Probe: Kaduna lawmakers summon finance commissioner
PREMIUM TIMES reported how the lawmakers set up the committee to probe former governor El-Rufai’s administration in response to Governor Uba Sani’s complaint about the loan burden he inherited from Mr El-Rufai. The post El-Rufai Probe: Kaduna lawmakers summon finance commissioner appeared first on Premium Times Nigeria. Powered by WPeMatico
DMO to raise N1.8trn debt via fresh April Savings Bond
The Debt Management Office, DMO, has unveiled plans to raise N1.8 trillion through new issuance and reopening of federal government bonds over the next three months amid the country’s increasing debt stocks. This is as DMO opened offer for the April 2024 Savings Bond. The debt office in the bond issuance calendar for the second […]
Nigeria’s public debt reached N97 trillion in December 2023 – DMO
Nigeria’s debt stock N97.3trn in 2023 – DMO
Nigeria’s total public debt increased to N97.341 trillion in the fourth quarter of 2023. The Debt Management Office disclosed this in a statement released on Friday. The figure comprises the domestic and external debt stocks of the Federal Government of Nigeria, FGN, the 36 state governments and the Federal Capital Territory, FCT. Accordingly, the amount […]
PenCom Does Not Give Loans to Federal Government, says DG
“Investments by the PFAs in the securities of the Federal Government of Nigeria (FGN) are not loans as erroneously portrayed, but investments in securities, through bonds and treasury bills, as approved by the relevant government agencies…” The post PenCom Does Not Give Loans to Federal Government, says DG appeared first on Premium Times Nigeria. Powered […]
DMO announces March Bond at interest rate of 16.097 per cent
The Debt Management Office, DMO, has announced the subscription process for two-year and three-year Federal Government of Nigeria bonds for March 2024 with an annual interest rate of up to 16.097 per cent. DMO disclosed this recently on its official website, noting that the subscription period is set to last for five days, running from […]
CBN announces measures to check inflation, stops Ways and Means to FG
DMO sells 1.18tn T-bills in 30-days
The Debt Management Office, DMO, sold treasury bills valued at N1.18 trillion across its auctions in December 2023. DMO disclosed this in a recent statement on Tuesday. According to the DMO, the N1.18 billion figure T-bills sold represented an 11.9 per cent (N126.06 billion) month-on-month (MoM) increase on the value of T-bills sold across its […]