FGN Released N1.2 Trillion for Capital Projects in the 2017 Budget

Wednesday, 17 January 2018 08:40

The Fedreal has release as total of N1.2 trillion to finace capital projects in the 2017 Appropriation Act. Given that the 2017 budget was only finalised in July 2017, disbursement of N1.2 trillion over a short period of 6 months to capital, is a strong and positive development in Nigeria. Click here for more

DMO Redeems N198bn Treasury Bills in December

Monday, 11 December 2017 09:12

The Debt Management Offices wishes to inform the General Public that the N198.032 billion Nigerian Treasury Bills (NTBs) which will mature in December 2017 will be repaid in full at maturity. The N198.032 billion comprises of N131.415 billion and N66.617 billion of NTBs which will mature on December 14, 2017 and December 21, 2017 respectively. Before now, the practice has been to rollover NTBs at maturity. Click here for full document.

FGN Prices USD 3 Billion Dual-Tranche Eurobond

Monday, 20 November 2017 19:47
Announcement of pricing of US$1.5 billion 10-year and US$1.5 billion 30-year notes by the Federal Republic of Nigeria under its US$4.5 billion Global Medium Term Note programme Successful extension of tenure of financing to 30 years a first for sub-Saharan Africa excluding South Africa and delivers the foundation for long term infrastructure financing  Click here for full document

Response to Moody’s Sovereign Rating - FG

Thursday, 09 November 2017 08:44

The attention of the Federal Ministry of Finance (FMF), Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) has been drawn to today’s announcement of the decision by Moody’s to downgrade Nigeria from a B1 stable to a B2 stable rating. This is equivalent to Nigeria’s existing B/Stable Outlook rating from S&P and slightly lower than Nigeria’s B+/Negative Outlook rating from Fitch. While we respect the right of Moody’s to make this decision, we strongly disagree with the premise and must address some of the conclusions upon which the decision rests. Click here for full document.

Our Strategy Will Mitigate Debt Service Risk - FG

Thursday, 02 November 2017 19:44
The Honourable Minister of Finance, Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development.
The Minister, who welcomed the advice of Nigeria’s international development partners, including the International Monetary Fund, said the strategy would achieve a number of objectives that include: mobilising revenue whilst reducing the debt burden by lengthening the
maturity profile, increasing foreign exchange reserves, reducing crowding-out of the private sector, and creating savings in debt service cost. Click here to download full document.