Nigeria's DMO Raises N5.26 Trillion from Bond Market to Support Government Budget
The Debt Management Office (DMO) in Nigeria has raised N5.26 trillion from the bond market to bridge the Federal Government's budget deficit. The government plans to borrow approximately N13 trillion through Federal Government of Nigeria (FGN) bonds in 2025.
The Nigerian Pension Commission (NAICOM) reveals that pension funds have a substantial exposure to FGN bonds. This increased participation by institutional investors has led to a compression in yields.
The DMO aims to raise a total of N3.51 trillion from the investing public in 2025.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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