The Debt Management Office (DMO) has dismissed reports claiming that the federal government of Nigeria spent N611.71 billion in March 2025 servicing its first-ever U.S. dollar-denominated bond issued in the domestic capital market.

In a statement issued yesterday, the DMO explained that the figure had been wrongly attributed, stressing that N611.71 billion represented the debt service for all outstanding federal government of Nigeria (FGN) bonds, excluding the U.S. dollar bond.

“The statement is wrong in its entirety. The figure published by the DMO on its website for Q1 2025 as debt service on the U.S. dollar-denominated bond was N67.988 billion and not N611.71 billion,” the DMO said.

The agency clarified further that its publications show the distinction between the two figures. “For the avoidance of doubt, the Q1 2025 Domestic Debt Service figure published on the DMO’s website for Federal Government of Nigeria Bonds in the month of March 2025 was N611.71 billion. In the same report and on a separate line, the debt service for Domestic FGN U.S. Dollar Bond for March 2025 was N67.988 billion,” it stated.

The DMO also addressed claims of principal repayment on the bond, noting that no such payment has been made. “Contrary to some claims, no amount was repaid as principal repayment on the U.S. dollar bond. The bond is to be repaid in full at maturity in 2029,” it said.

______________________________________________________________________ Your Guide To Nigeria’s Competition Law — DOA Handbook (Volumes 1 & 2) Released At ₦20,000
DOA Handbook on Nigerian Competition Law
Available for purchase at ₦20,000 Per copy through LawPavilion’s trusted platform. Search for The DOA Handbook Volumes 1 & 2. on Nigerian Competition Law or use the direct link: Click here. ______________________________________________________________________ “History of Rivers State Judiciary: A Compendium of Personalities on the Bench.” Authored by Ampim Gogo Blankson, Esq., Deputy Director at the Rivers State Ministry of Justice, in collaboration with the Rivers State Judiciary 💰 Cover Price: ₦20,000.00 (Twenty Thousand Naira) Bukky Law Books, Rivers State High Court Complex, Moscow Road, Port Harcourt – 📞 08034868754📞 08034729738📞 Enquiries: ______________________________________________________________________ Explore Nigeria’s Constitutional System — 17 Chapters, 924 Pages Of Insight By Prof. Hagler Sunny Okorie
“Constitutional Law and Constitutionalism in Nigeria” By Prof. Hagler Sunny Okorie
Call to Order Your Copy: 📞 0803 766 7945 | 0802 863 6615 | 0803 225 3813 ✉️ haglersoco@gmail.com 🏢 Winners Chambers, 135 Ehi Road, Aba, Abia State ___________________________________________________________________ [Now Available] -- From Crime Scene To Courtroom: An Authoritative Legal Handbook On Police Investigations In this authoritative work, Basil Momodu Esq., titled Police Investigations in Nigeria Through the Cases 📖 Available now Call 07051822705 or any of the recommended independent booksellers listed hereunder. ______________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ______________________________________________________________________ Alexander Payne Co. Law Reports

Contact & Orders 📞 0704 444 4777 | 0704 444 4999 | 0818 199 9888 🌐 www.alexandernigeria.com