Investors’ appetite for the Federal Government Bonds has continued to rise with the March Auction, conducted yesterday, recording a N140 billion over-subscription.
Continue reading FGN bonds record N140bn over-subscription at Vanguard News Nigeria. …
Debt Management Office
FG to auction N150bn bonds on Feb. 20
2019 budget: DMO to service debts with N2.2tr
In 2019, the Debt Management Office (DMO) is expected to spend N2,264,711,421,667 a significant portion of which will go to settling interests on both internal and external public debts. According to the 2019 proposed budget currently with the National Assembly, under the Service Wide Vote, the document stated that N120,000,000,000 will be set aside for […] …
Senate panel alleges plot to cause fuel scarcity
The Senate Committee on Petroleum (Downstream) has alleged plot by saboteurs in the oil sector to cause scarcity of petrol and return queues at filling stations at Christmas.
The post Senate panel alleges plot to cause fuel scarcity appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …
Nigeria raises $2.86bn in euro bonds
Uche Usim, Abuja The Federal Government on Wednesday announced it has raised $2.86 billion under its global medium term note programme. The notes comprise a $1.18 billion seven-year series, $1 billion 12-year series and a $750 million 30-year series. The seven-year series will bear interest at a rate of 7.625 per cent, while the 12-year series will […]
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FG to auction N115 billion bonds on Nov. 21
NAN The Debt Management Office (DMO) says the Federal Government is to auction by subscription N115 billion worth of bonds on Nov. 21. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year bonds of N35 billion to mature in April 2023 was offered at 12.75 per cent. The […]
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FG to float N100bn Sukuk in December
Director General of the Debt Management Office (DMO), Patience Oniha, says another N100 billion Sukuk will be floated in December 2018. This is coming after the Federal Government had earlier issued an N100 billion in September 2017 for the construction of 25 economically important roads. Sukuk or Islamic Bond is a financial instrument structured to […]
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Oniha: FG to float N100bn Sukuk in December
FG September bond over-subscribed by N158b
Uche Usim, Abuja The Federal Government of Nigeria bond auction for September conducted by the Debt Management Office (DMO), on Wednesday, September 26, 2018 was over-subscribed by over 158 billion. This was the same scenario for the August 2018 auction. According to the DMO, “Total subscriptions received from bidders for three bonds offered: five-year, seven-year […]
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