BOND MARKET

Federal ministries, departments and agencies (MDAs) are indebted to the Federal Government to the tune of N178.56 billion. The Debt Management Office (DMO) disclosed this in a report entitled: ‘Federal Government On-lent Loans to MDAs’, stressing that 11 MDAs benefitted from the money lent to them for infrastructure development projects....

The Federal Government plans to raise N120 billion about $424.78 million in local currency denominated bonds with maturities ranging between 5-year and 20-year on July 13,2016, the Debt Management Office (DMO) said on Monday. According to DMO in a notice, it said that it would raise 40 billion naira at...

Niyi Olaoye Following the recent sharp drop in the global oil price which has taken toll on the Nigerian economy, several state governments have commenced planning on how to restructure their billions naira worth of debts, Business247 can reveal. Data from the Debt Management Office (DMO) has showed that several...

The Federal Government plans to raise between N305 billion and N395 billion ($1.08 billion -$1.40 billion) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of the year, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction...

The Federal Government has introduced a new debt management strategy expected to be in operation from 2016 to 2019. It is targeted at a marginal increase in external borrowing and increased commitment to capital projects execution. According to a press statement from Debt Management Office (DMO) its Director General, Dr....

Nigerian officials are meeting bond investors in London next week, according to a person familiar with the matter, as the government considers tapping international debt markets to help finance its record budget deficit. Finance Minister Kemi Adeosun will head the meetings on June 7, which have been arranged by Standard...

By our Correspondent The Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has restated the Federal Government’s commitment that all money to be borrowed to finance the 2016 budget will be dedicated to fund capital projects. Nwankwo stated this today at a one-day workshop by DMO on “Public...