Browsing Tag
Debt management office
4 posts
FG Successfully Raises N1 Trillion with Islamic Finance Sukuk
Federal Government Raises N1.092 Trillion from Six Sukuk Issues to Boost Infrastructure Development
The Federal Government of Nigeria has successfully garnered N1.092 trillion from six series of Sukuk, a Sharia-compliant financial instrument designed to attract ethical investment. The … Continue Reading
FG to Generate N450b in January 2025 Bond Auction
The DMO has designated Primary Dealer Market Makers (PDMMs) to facilitate the bond subscription process. These include leading banks such as Access Bank Plc, Zenith Bank Plc, Stanbic IBTC Bank Ltd, and United Bank for Africa Plc. Interested investors are
… Continue Reading
Nigeria’s Public Debt Hits N142.3 Trillion in Q3 2024
The sharp increase in Nigeria’s public debt, coupled with the naira’s continued depreciation and growing reliance on domestic borrowing, has raised questions about Nigeria’s debt sustainability.
Abuja – Nigeria’s total public debt rose to N142.3 trillion as of September 30, … Continue Reading
Nigeria Now 3rd Largest Debtor in World Bank’s IDA Scheme
The World Bank noted that the top ten debtors now account for 63% of IDA’s total exposure.
Abuja – Nigeria has become the third-largest debtor to the International Development Association (IDA), the concessional arm of the World Bank, … Continue Reading