The Debt Management Office has listed two Federal Government of Nigeria savings bonds for subscription at N1,000 per unit.
The opening date for the offer is July 1, the closing date is July 5, and the settlement date is July 10, while coupon payment dates are Oct. 10, Jan. 10, April 10, and July 10.
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DMO gives reasons for Nigeria’s debt increase by N24trnThe Debt Management Office, DMO, has explained that the securitisation of N4.90 trillion Ways and Means loan and differences in foreign exchange rates are responsible for the increase of Nigeria's total debt stock by N24 trillion to N121.67 trillion at the end of March 2024.
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DMO links rising debt stock to exchange rate, fresh borrowingThe Nation Newspaper DMO links rising debt stock to exchange rate, fresh borrowing
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THE BREAKDOWN: Jigawa, Ondo lead as 35 states cut domestic debts by N1.8trn in Q1 2024The Debt Management Office (DMO) revealed a significant decrease of N1.79 trillion in the domestic debt of 35 states for the first quarter (Q1) of 2024.
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Naira depreciation adds N17.8 trillion to public debt in three monthsThe Debt Management Office (DMO) said naira depreciation alone increased the total debt stock by N17.8 trillion in quarter one (Q1)
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Nigeria’s debt increased by 24.99% to N121.67trn in March 2024The Debt Management Office, DMO, said that Nigeria's total public debt has increased by 24.99 per cent to N121.67 trillion (approximately $91.46 billion) as of March 31, 2024. DMO disclosed this in a statement on Thursday. The figure is a significant increase compared to the N97.34 trillion recorded on December 31, 2023.
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