The Director General, of Debt Management Office (DMO), Ms. Patience Oniha, has said that funding the budget deficit and refinancing debt portfolio were the reasons for raising the $300million Diaspora bond and $3 billion Eurobond. According to Mrs Oniha, both offers were issued with significant features. ‘The $300 million Diaspora bond unveiled with 5-year tenor […]
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The Federal Government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said. Ms Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos. Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars Euro Bond […]
Read More Investors appetite for the newly introduced Federal Government of Nigeria, FGN, Savings Bond (FGN-SB or Savings Bond) has eroded by 88 percent as at November, 2017. But the Debt Management Office (DMO), the issuers of the bond, and market analysts are divided over the performance. Vanguardngr analysis of the allotment results of the Bond from […]
Read More The Debt Management Office (DMO) has announced that it would commence sensitization prospective investors in the Bond through a Roadshow in Abuja and Lagos on December 14 and 15, 2017 ahead of the issuance of its debut Sovereign Green bond. The Green Bond comes following Nigeria’s endorsement of the Paris Agreement on Climate Change on […]
Read More The Debt Management Office (DMO) is set to repay in full at maturity, the ₦198.032 billion Nigerian Treasury Bills (NTBs) maturing this month. Details provided yesterday by the debt office showed that ₦131.415 billion and ₦66.617 billion of NTBs will mature on December 14 and 21. Before now, the practice was to rollover NTBs at […]
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The Nigerian Government has planned to raise between ₦270 billion and ₦330 billion ($857 million – $1.1 billion) in local currency-denominated bonds in the fourth quarter of 2017, the Debt Management Office (DMO) said on Wednesday. DMO said it would auction between ₦135-165 billion worth of bonds maturing in 2021 and the same amount of […]
Read More The Debt Management Office (DMO) on Thursday, said the Federal Government would float fresh eurobond to raise $2.5 billion before the end of 2017. Director General of DMO, Patience Oniha, who made this known at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos said the […]
Read More The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than ₦5 billion, the Debt Management Office said on Tuesday. The ₦100 billion seven-year sukuk offered by the Federal Government, which closed on Friday, attracted a subscription of ₦105,878,320,000, according to a statement issued in Abuja by the DMO. According to […]
Read More Nigeria’s Federal Government has raised ₦6.3 billion through the issuance of monthly Federal Government of Nigeria Savings Bond in the last seven months, the Debt Management Office has said. The new bond was introduced to the country in March and the last offer was made about two weeks ago and lifted the contribution of the […]
Read More Scarcity of funds which pervaded the interbank money market towards end of last week will likely to deepens this week as the Debt Management Office (DMO) issues ₦135 billion worth of FGN bonds. Last week, the money market experienced acute scarcity of funds as the Central Bank of Nigeria (CBN) stepped up its liquidity mop […]
Read More Federal Government can now borrow up to but not more than $22 billion in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at […]
Read More Director-General of the Nigeria’s Debt Management Office, Ms. Patience Oniha, says the agency will support the Federal Government to bridge the gap between country’s revenue and expenditure. Oniha, who noted that the government had been operating deficit budget for many years, stressed that the debt office would focus on loan repayment and utilisaton to ensure […]
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