DMO – Outlook Nigeria

FG Moves to Settle Pension Arrears with N758bn Bond Approval

admin / 2 months

3 min read

The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to settle outstanding pension liabilities for federal pensioners. The approval, granted during the second day of the FEC meeting at the State House, Abuja, enables the Debt Management Office (DMO) to raise funds to clear pension arrears under the Defined Benefit […]

DMO Introduces Two New FGN Savings Bonds

admin / 2 years

2 min read

The Debt Management Office (DMO) has announced the availability of two new Federal Government of Nigeria (FGN) Savings Bonds for subscription, each priced at N1,000 per unit. The initial offering consists of a two-year FGN Savings Bond with a maturity date of August 16, 2025, offering an attractive interest rate of 9.634% per annum. The […]

Federal Government Boosts Rural Power Supply with Mini-Grids

admin_ou / 2 years

2 min read

In an effort to improve electricity access in rural communities and provide relief from the recent removal of subsidy on petrol, the Federal Government has stepped up the deployment of mini-grids. These mini-grids, as announced by the Rural Electrification Agency (REA) in Abuja, will bring round-the-clock power supply to the communities where they are installed. […]

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

admin / 2 years
0
2 min read

The Debt Management Office (DMO) has revealed that Nigeria’s total public debt has reached a staggering N49.95 trillion (equivalent to $108.30 billion) as of March. This, the DMO said, includes the combined external and domestic debts of the Federal Government, the 36 states, and the Federal Capital Territory (FCT). This significant increase in the country’s […]

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

admin / 3 years

2 min read

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FG Moves to Settle Pension Arrears with N758bn Bond Approval

DMO Introduces Two New FGN Savings Bonds

Federal Government Boosts Rural Power Supply with Mini-Grids

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

UBA Records N804bn Profit in 2024,.

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