9 results for “DMO”
Investors bid up to 18.18 per cent on the one-year bill but the Debt Management Office allotted only N269.06 billion against N450 billion offered, rejecting about 78 per cent of 364-day bids to keep a lid on borrowing costs after the rate cut.
The three-year yield dropped 23 basis points to 6.45 per cent and the ten-year fell four basis points to 7.93 per cent as a record one-day rally in US Treasuries and a softer dollar lifted Nigerian dollar debt, with a $1.5 billion bond due in November 2027 in focus.
The Central Bank and Debt Management Office plan N5.40 trillion in Treasury bill offers between October and December 2026, with nearly 76% in 364-day instruments, a structure that largely rolls over maturing obligations rather than raising new money.
The Debt Management Office reported that the Federal Government spent N5.28 trillion servicing domestic debt between January and June 2026, with interest and rentals accounting for N4.95 trillion, spotlighting the cost of a borrowing strategy weighted towards short-dated securities.
Nigeria spent N5.28 trillion servicing domestic debt in the first half of 2026, with interest and rental payments accounting for N4.95 trillion, according to the Debt Management Office.
The Debt Management Office has offered N1.75 trillion in FGN bonds for subscription ahead of Monday's auction, with three tranches across 2034, 2036 and 2038 and settlement set for 21 October 2026.
The Debt Management Office raised N450 billion at its treasury bills auction on Wednesday, leaning on the 364-day tenor as the market's primary pipeline climbed above N3 trillion.
The Debt Management Office plans to raise N5.75 trillion through FGN bond auctions in October, November and December, as domestic borrowing rises.
Nigeria's external debt service fell year-on-year in the first half of 2026, but domestic debt obligations continued to dwarf the foreign bill, DMO data shows.