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    MarketForces Africa » MarketNews » DMO Begins 2025 Bonds Auction, Targets N450bn on Monday

    DMO Begins 2025 Bonds Auction, Targets N450bn on Monday

    Olu AnisereBy Olu AnisereJanuary 27, 2025Updated:January 27, 2025 MarketNews No Comments1 Min Read
    DMO Begins 2025 Bonds Auction, Targets N450bn on Monday
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    DMO Begins 2025 Bonds Auction, Targets N450bn on Monday

    Nigeria’s Debt Management Office, DMO, will be raising a targeted sum of N450 billion from the primary market auction (PMA) today as part of efforts to close the 2025 budget deficit gap.

    At the auction schedule for today, a total of ₦450 billion will be raised from the debt market through the reopening of existing 10-year (Apr-29) and 7-year (Feb-31) bonds and the introduction of a new 10-year (Jan-35) bond.

    Analysts said the auction is expected to be oversubscribed amidst a robust liquidity level in the money market. Last week, inflows from FAAC, Remita and FGN coupon payments elevated liquidity balance in the financial system. #DMO Begins 2025 Bonds Auction, Targets N450bn on Monday

    Interbank Rates Slow as Remita, FAAC Credits Boost Liquidity

    Bonds DMO
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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