BOND MARKET

The Debt Management Office (DMO) on Thursday listed its third Sovereign Sukuk, a N162.557 billion seven-year 11.200 per cent Al Ijarah Sukuk, due by 2027 on the Nigerian Stock Exchange (NSE) and the FMDQ Securities Exchange. In a statement by the DMO, the Sukuk which at the time of issuance,...

  Ecobank Nigeria,  a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), the parent company of the Ecobank Group, announced that it has successfully priced its USD 300 million bond issuance maturing in February 2026, with settlement of the bond to take place on 16 February...

  The Debt Management Office (DMO) has offered for subscription two years and three years Federal Government Savings Bonds at N1,000 per unit. A circular on the official website of DMO states that the two years bond with Feb. 10, 2023 as due date would attract an interest rate of...

FMDQ Securities Exchange Ltd. has approved listing of the Nigerian Mortgage Refinance Company Plc (NMRC) Series 3 N10 billion fixed rate bond under its N440 billion bond issuance programme on its platform. The NMRC is a private sector-driven mortgage refinancing company with the purpose of promoting home ownership for Nigerians,...

Nigeria’s total debt at the end of third quarter of 2020 stood at N32.223 trillion or $84.574 billion, Debt Management Office (DMO) revealed on Thursday. The DMO, which disclosed the total public debt stock in a statement explained that the profile is made up of the domestic and external debt...

 The Debt Management Office (DMO) says a total of N60 billion bond it offered for the month of December had been oversubscribed by more than N70 billion. This is contained in a statement obtained from DMO’s website on Wednesday. “DMO offered a total of N60bn at the FGN Bond Auction...

The Debt Management Office (DMO) on Thursday announced the resumption of its offer of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective August 2020. The DMO, in a statement, said it was constrained to suspend the monthly offers of the FGN Savings Bond in April 2020 due...

Nigeria’s Debt Management Office (DMO) released its third-quarter debt issuance calendar on Thursday with a proposal to issue between N340 and N460 billion worth of domestic bonds between July and September, 2020. It also released the details of the July 22, auction offer, which stood at N130 billion across four...

The Debt Management Office (DMO) has said that N150 billion worth of Federal Government bonds will be up for subscription on June 17. The DMO said in a circular on its website on Tuesday that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at...

Debt Management Office (DMO) is out with the new guidelines on external and domestic borrowing by federal, states and Federal Capital Territory (FCT), Abuja. The new guidelines make it compulsory  for the three tiers of government to seek prior approval of their various executive councils and the legislative arms and...