Nigeria spent ₦3.14 trillion servicing its domestic debt in the first quarter of 2026, according to the latest report released by the Debt Management Office (DMO). The report showed that ₦2.97 trillion of the total was used to pay interest on government debt, while ₦169.68 billion went toward principal repayments. Debt servicing costs rose steadily throughout the quarter. The Federal Government…
The Debt Management Office (DMO) has unveiled plans to raise about N4 trillion through Federal Government of Nigeria (FGN) bond auctions in the third quarter of 2026 as part of efforts to finance government obligations. The Q3 2026 FGN Bond Issuance Calendar released by the DMO showed that the bond auctions will be held on…
The Debt Management Office (DMO) has announced the May 2026 FGN Savings Bond, offering Nigerians investment opportunities with returns of up to 14.525% per annum. The subscription window runs from May 4 to May 8, 2026, with settlement scheduled for May 13, 2026. The bonds are issued on behalf of the Federal Government of Nigeria, providing retail investors…
The Debt Management Office (DMO) has said President Tinubu inherited a total of N87.38 trillion debt upon assumption of office. President Tinubu took office on May 29, 2023. The DMO revealed the above in a bid to clarify recent media reports claiming that President Bola Tinubu inherited N21 trillion in public debt which rose to…
