Browsing Tag

Debt Management Office (DMO)

Nigeria Has No Plans To Restructure its Debt – Government


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The Debt Management Office in Nigeria, (DMO) says contrary to reports by U.S. based financial media company, Bloomberg, Nigeria has no plans to restructure its debt. The DMO said this in a statement, against the backdrop of recent…

Nigeria did not fail world bank disclosure rule- DMO


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The Debt Management Office (DMO) has described as ‘false’, the news going round in some media outlets, that Nigeria failed the World Bank Disclosure Rule. According to a statement by the DMO to clarify the situation, there has been no…

DMO lowers interest rates for July savings bond


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The Nigerian Debt Management Office has issued a fresh savings bond with lower rates for 2-years and 3-years on behalf of the Federal Governments. In a document released on Monday, it says the new rates are 2-Year FGN Savings…

Nigeria honours debt obligations, redeems $300m diaspora bond


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As a sign of commitment to promptly honour its debts obligations, Nigeria has redeemed its 300-million-dollar diaspora bond which matured on June 27. This is according to a statement by the Debt Management Office (DMO) on its website…

Nigeria’s Debt Management Office continues securities Issuance awareness programme


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The Debt Management Office (DMO) is set to hold its Southwest edition of its Federal Government of Nigeria (FGN) Securities Issuance Awareness programme in Ibadan on Tuesday. This is coming after the Office held its inaugural securities…

Nigeria raises $4bn via Eurobonds, “biggest financial trade in Africa”


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The Debt Management Office (DMO) says Nigeria has raised $4 billion via Eurobonds, describing the feat as “one of the biggest financial trade to come out of Africa in 2021." According to the DMO, the Order Book peaked at $12.2…

DMO lists Sovereign Sukuk worth over N162bn on NSE


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The Debt Management Office (DMO) has listed its third Sovereign Sukuk worth N162.557 billion on the Nigerian Stock Exchange and the FMDQ Securities Exchange. The instrument has a seven-year tenure at the rate of 11.2 per cent with…

DMO opens new Federal Government Bonds subscription


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Nigeria's Debt Management Office (DMO) is once again offering 2-year Federal Government-backed Savings Bonds which will be due March 10, 2023, at 5.181% per annum and a 3-year Federal Government Savings Bond due on March 10, 2024, at 6.181%…

Nigeria Savings Bond: DMO offers for March 2021 subscription


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The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria has offered for subscription, the March 2021 Federal Government of Nigeria Savings Bond. This is contained in a notification published on the website of the…

Nigerian government to redeem $500m Eurobond – DMO


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The Debt Management Office (DMO) has announced that Nigeria’s 6.75 per cent $500M JAN 2021 Eurobond, which matured on January 28, 2021 was to be redeemed accordingly.  The DMO announced this yesterday stating that, “By this development,…