Browsing: DMO

FGN Bond auction over subcribed in October – DMO

Ticking Debt Clock: How Much Can Nigeria’s Economy Absorbs?

FG borrows N1.32trn in 6-month, hike public debt to N25.7trn

“Nigeria pays more on Eurobond than other African countries”

FSDH Research has noted that Nigeria has room for more public debt.

Global debt rose by over $3 trillion in Q1 2019:

Nigeria’s total debt stock rose to N24.9 trillion as at the end March 2019. This is revealed in the latest statistics released on Wednesday by the Debt Management Office (DMO).
According to the latest data released by DMO, Nigeria’s total debt portfolio increased by 2.3% to hit N24.9 trillion as of March 31, 2019, compared to N24.3 trillion in December 2018.
Meanwhile, the breakdown shows that total external debt is estimated at N7.8 trillion, constituting 31.5% of total debt, while the total domestic debt rose to N17 trillion or 68% of total debt stock within the quarter.

Detail analysis later.

The G20 Finance Ministers and Central Bank Governors issued a statement of support

Demand for Fixed Income Securities to Remain Strong – Meristem. Demand for fixed income securities will remain strong as investors restructure portfolio, Meristem Securities has observed.