Nigeria’s Debt Management Office, DMO, will be raising a targeted sum of N450 billion from the primary market auction (PMA) today as part of efforts to close the 2025 budget deficit gap. At the auction schedule for today, a total of ₦450 billion will be raised from the debt market through the reopening of existing 10-year (Apr-29) and 7-year (Feb-31) bonds and the introduction of a new 10-year (Jan-35) bond. Analysts said the auction is expected to be oversubscribed amidst a robust liquidity level in the money market. Last week, inflows from FAAC, Remita and FGN coupon payments elevated liquidity balance in the financial system. #DMO Begins 2025 Bonds Auction, Targets N450bn on Monday
DMO begins 2025 Bonds auction, targets N450bn on Monday
