BOND MARKET

The Debt Management Office (DMO) has announced and offering for two-year and three-year Federal Government of Nigeria (FGN) Savings Bonds. According to a statement by the DMO on Monday, November 6, 2023, the bond will close by November 10, 2023, at N1,000 per unit. The DMO stated that the first...

The Debt Management Office (DMO), on behalf of the Federal Government, has offered for subscription Ijarah Sukuk valued at N150 billion. Sukuk is a Sharia-compliant instrument that represents the interests of the owner in an asset or pool of assets. It is usually linked to specific infrastructure projects. In a...

    Nigeria has redeemed a $500 million Eurobond, the Debt Management Office (DMO), said on Wednesday. Eurobond is a debt instrument, which is denominated in a currency other than the home currency of the country or market, in which it is issued. The DMO in a press statement on...

Nigerian Exchange Limited (NGX) has revealed that the total allotments for FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023. The Divisional Head, Capital Markets at NGX, Jude Chiemeka, made this known during the NGX Savings Bond webinar 2023 organised by the Exchange in...

The Debt Management Office (DMO) has floated four Federal Government of Nigeria Bonds worth N360 billion for subscription at N1,000 per unit. DMO disclosed this on Wednesday in a circular posted on its website. The agency explained that it has four FGN Bonds with at least a 12 per cent...

The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023 two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due in January 11, 2025, at the interest rate of 9.600...

The Debt Management Office (DMO) has refuted news about Nigeria regarding the World Bank Disclosure Rule and borrowing loans, its Director-General, Patience Oniha issued a rebuttal on Thursday. The DMO said it was not true that the World Bank blamed Nigeria on the disclosure rule. Media reports accuse the Nigerian...

Dangote Industries Limited (DIL) at the weekend opened an application list to raise N300 billion in medium-term debt funding from the Nigerian capital market. The money is to finance the Dangote Petroleum Refinery being built in Lagos and due for completion in the first quarter of next year. The firm,...

Nigerian Exchange Limited (NGX) has announced the listing of the Federal Government of Nigeria (FGN) $4,000,000,000 FGN Eurobonds on its platform today, Monday, 31 January 2022. The Eurobonds were issued in three tranches as follows: 6.125% FGN SEP 2028 worth $1,250,000,000.00; 7.375% FGN SEP 2033 worth $1,500,000.00; and 8.25% FGN...

The Debt Management Office (DMO) says its just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. DMO, which made this known in a statement on Thursday, stated that the auction received a total of 160 bids, revealing some minor adjustments in the bonds offer during the...