11 results for “Debt Management Office”
The Debt Management Office puts N800bn of Treasury bills on offer on November 4, with the one-year tenor dominating as maturing securities exceed N872bn in a liquidity-rich banking system.
Debt Management Office accepted higher stop rates as it allotted N2.02trn across reopened FGN bond maturities.
Nigeria's Debt Management Office on Monday launched a N1.75 trillion bond auction, the first of three fourth-quarter offers, after federal allotments more than doubled to N7.15 trillion in the first nine months of 2026.
Average FGN bond yields rose 26 basis points to 16.4% as investors repriced the curve for heavy fourth-quarter supply, setting up a test at the Debt Management Office's ₦1.75 trillion auction on 19 October.
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 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.