…comes against the backdrop of a substantial increase in public debt. Data from the Debt Management Office showed that Nigeria’s total public debt stood at N87.38tn as of June 30, 2023, shortly after Tinubu took office. By December 31, 2025, the figure had risen to N159.28tn. This represents an increase of N71.90tn, or…

Nigeria’s Federal Government, through the Debt Management Office, DMO, has opened subscription for its October 2026 Federal Government of Nigeria Savings Bonds. In a statement on its X account, the DMO said the offer, which opened on Monday, October 5, 2026, comprises two-year and three-year savings bonds with interest…

…financing from First Abu Dhabi Bank in the second quarter of 2026, new data from the Debt Management Office have shown. The payment represents 1.5 per cent of the amount so far drawn from the $5bn financing programme agreed with the United Arab Emirates-based lender. An analysis of the DMO’s Actual External Debt Servic…

…held the largest share of Nigeria's multilateral debt at $20.73bn as of June 2026The Debt Management Office confirmed total public debt reached N166.79 trillion at the end of June 2026PAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibem…

…billion loan from the World Bank. DAILY POST reports that data released by Nigeria’s Debt Management Office, DMO, showed that the country’s debt profile had grown to N166.79 trillion as of June 2026. The new debt figures released by the DMO indicated that Nigeria’s debt rose by 90.9 percent under Tinubu’s administratio…

…domestic debt of N4.59 trillion as of June 30, 2026, according to data released by the Debt Management Office (DMO).The figure accounts for 2.75% of Nigeria's total public debt of N166.79 trillion as of the same date.Nigeria’s states and FCT record N4.59 trillion domestic debt as of June 2026 Photo: BloombergImagesData…

…much of the burden. Debt jumps The proposed borrowing comes as fresh figures from the Debt Management Office show that Nigeria’s total public debt rose by N14.39tn within one year, from N152.40tn in June 2025 to N166.79tn at the end of June 2026. That represented an increase of 9.44 per cent year-on-year. Measured in d…

…N8.14tn through Treasury bills issuances in the third quarter of 2026, surpassing the Debt Management Office’s N5.8tn target by N2.34tn, as investor demand exceeded the government’s borrowing plans. A review of eight Nigerian Treasury Bills auctions conducted between July and September shows that total allotments were…

…drew total subscriptions of N4.41 trillion against the N700 billion offered by the Debt Management Office, underscoring robust appetite for short-term government securities. The 364-day instrument was particularly sought after, recording 8.38 times coverage. Average Treasury bill yields rose by 50 basis points to 18.73…

…a decade's experience covering energy, MSMEs, technology, banking and the economy.The Debt Management Office (DMO), on behalf of the Federal Government, has announced the reopening of three Federal Government of Nigeria (FGN) bonds worth a combined N1.1 trillion for subscription.According to a

…stocks between December 31, 2025 and March 31, 2026, according to data obtained from the Debt Management Office and analysed by The PUNCH on Monday. Further findings showed that the total debt stock of the seven states during the period under review was N977.15bn. The DMO data showed that the domestic debt stock of the…

…experience covering Nigeria's economy, capital markets, banking, and public finance.The Debt Management Office (DMO) has opened subscriptions for two Federal Government of Nigeria (FGN) Savings Bonds, offering investors the opportunity to invest from N5,000, with each unit priced at N1,000.According to the DMO, the off…

By Elizabeth Adegbesan The Debt Management Office (DMO) has offered a 2 year and 3 year Federal Government of Nigeria, FGN, Savings Bonds for August 2026 subscription. The 2-year saving bond due on August 12, 2028, was offered at an interest rate of 13.96 percent per annum and the 3-year bond at 14.96 percent per annum…

…Ministry of Wealth Creation and Employment, was flagged off at the STO Resource Centre, Debt Management Office, Alausa, Ikeja, according to MSME Africa.Nigerian State Begins 8-week Skills Training for Thousands of Artisans to Boost Jobs, Businesses>Participants will receive practical technical and entrepreneurial train…

…total subscriptions of N1.74 trillion against the N1.2 trillion offered by the Debt Management Office (DMO). This reflects strong investor demand for Federal Government of Nigeria (FGN) debt instruments. According to the July FGN Bond Auction results released by the DMO yesterday, investors submitted bids worth N1.74 t…

…increase from the N2.86tn raised during the corresponding period of 2025, an analysis of Debt Management Office auction results by The PUNCH has shown. The increase came despite a decline in borrowing costs, with average marginal rates easing compared with last year, even as investor appetite remained strong, with subs…

…climbing further to $72.6bn in 2027. The IMF’s projection broadly aligns with the latest Debt Management Office data, which showed that Nigeria’s public external debt stood at $51.86bn as of December 31, 2025. Based on the Fund’s forecast, the debt stock would increase by about $20.74bn between the end of 2025 and 2027…

…countries in Africa today, owing N159.28 trillion (or $110.97 billion), according to the Debt Management Office (DMO). Yet, there is nothing to show for the borrowing spree, not even a rusty bicycle spoke. Insecurity has become a pandemic with bandits, kidnappers, and terrorists seizing vast swathes of the country, wil…

…December 31, 2025, according to an analysis of external debt stock data released by the Debt Management Office. The figure represents an 11.7 per cent increase from the $17.81bn owed to the global lender as of December 31, 2024. The World Bank debt comprises loans from the International Development Association and the…

…is increasingly determining who trades, what is traded, and at what cost. In April, the Debt Management Office (DMO) increased borrowing costs at its latest Federal Government (FGN) bond auction.