The nation’s external reserves reversed its four months downward trend, gaining $476 million in three days this week, buoyed by proceeds of the Federal Government’s $2.86 billion Eurobond issue earlier this month.
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Eurobond
Eurobond: Nigeria’s investment climate excites global investors
Omodele Adigun Despite the apprehension of Central Bank of Nigeria (CBN) on the growing level of sovereign debts, leading global institutional investors swooped on Nigeria’s eurobond last week and over-subscribed it to the tune of over $9.5 billion. According to the Federal Government, this demonstrates the ongoing confidence of international capital market investors in Nigeria’s investment […]
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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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FEC, Marijuana, Eurobond dominate news (Video)
FEC MEETING The Federal Executive Council (FEC) has approved that 2.9 billion Dollars in Eurobond be raised to fund capital projects in the 2018 budget.The Minister of Finance, Mrs Zainab Ahmed, made this known when she addressed State House correspondents at the end of FEC meeting, presided over by President Muhammadu
Senate approves $2.78bn Eurobond request, cautions FG on borrowing
The senate has approved the $2.786 billion loan request of President Muhammadu Buhari to finance the 2018 budget. The upper legislative chamber also approved $82.54 million to refinance the balance
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FG to borrow fresh $2.8bn for 2018 budget
DMO: American investors are largest buyers of Nigeria’s Eurobond
The Debt Management Office (DMO) says American investors are the largest buyers of Nigeria’s $2.5bn Eurobond. New data released by DMO indicated that for Eurobond notes with a 12-year tenor, American The post DMO: American investors are largest buyers of Nigeria’s Eurobond appeared first on TheCable.