Nigeria's total public debt stock has surged by 82.4% over a three-year period under President Bola Ahmed Tinubu’s administration. The country's public debt has become one of the defining economic policy issues that has persisted over time. According to the latest data released by the Debt Management Office (DMO), the national debt expanded from ₦87.38 …
The Debt Management Office (DMO) has listed a ₦47.355 billion Series III Sovereign Green Bond on the Nigerian Exchange Limited (NGX) and the FMDQ Securities Exchange Limited, in a move aimed at expanding climate-focused financing in the country. The bond, which carries an 18.95 per cent interest rate and is due in June 2030, was …
The Federal Government plans to raise ₦600 billion through a fresh bond auction, as it seeks to finance government operations and manage public debt. The Debt Management Office (DMO) announced the offer in a circular released on Wednesday, May 13. It stated that on behalf of the Federal Government of Nigeria (FGN), it is offering …
Nigeria’s Debt Management Office (DMO) has raised ₦524.28 billion at its February 2026 Federal Government bond auction, falling short of its ₦800 billion offer despite overwhelming investor demand. DMO revealed this in its report on the summary of FBN bond auction results for February 2026, released on Tuesday, February 24. A review of the results …
In an economy where inflation rates and exchange rate fluctuations often cause financial turbulence, the latest federal government bonds issued by the Debt Management Office have provided an opportunity for High Net Worth Individuals (HNWIs) and corporations looking to lock in a steady, tax-exempt return on their funds. The Federal Government, through the Debt Management …
The Debt Management Office (DMO) has revealed plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds at its January 2026 bond auction. The auction is scheduled for January 26, 2026, with settlement expected on January 28, 2026, DMO stated in a circular released on Monday. The offer spans …
The Debt Management Office (DMO) has opened subscriptions for the Federal Government of Nigeria (FGN) Savings Bonds for 2026, offering investors an interest rate of 15.39 per cent per annum. It made the announcement in a notification released on Monday, December 12. The January 2026 issuance rates are higher than those offered in December 2025, …
Nigeria’s external reserves have witnessed a surge in recent times, reaching a seven-year high of $46.7 billion as of November 14. According to the Central Bank of Nigeria (CBN), the figure can provide 10.3 months of import cover in goods and services. The CBN Governor, Olayemi Cardoso, hinted at this at the 20th Anniversary of …
Nigeria's recent Eurobond issuance of US$2.25 billion has caught the attention of financial experts and investors alike. While the bond was oversubscribed, meaning there was strong investor demand, the coupon rate of 9.125% for the 10-year tranche and 9.625% for the 20-year tranche raises a few eyebrows. This rate appears to be on the higher …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
