The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735%. This is according to a new circular issued on Wednesday, 28 May 2025 by DMO. DMO had announced the issuance of…
The Federal Government of Nigeria has successfully repaid its first ever Sovereign Sukuk of N100 billion, issued in 2017, thus fulfilling all obligations to investors and reinforcing its commitment to transparent and responsible debt management. This milestone was announced on Monday at the Investor Meeting hosted by the Debt Management Office (DMO) in Abuja, during…
Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65…
The Debt Management Office (DMO) has debunked recent media reports claiming that President Bola Ahmed Tinubu inherited N21 trillion in public debt which arose to N142 trillion. In a statement issued by the DMO on Monday, the agency said the actual total public debt as of June 30, 2023 after President Tinubu took office stood…
GISTSMATE MEDIA reports that Nigeria’s total public debt has risen to N142.3 trillion as of September 30, 2024. This represents an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024. The rise is attributed to the combined effects of escalating domestic borrowing and the impact of exchange rate depreciation on external debt…