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.
Continue reading Eurobond: External reserves record first increase in 4mths at Vanguard News Nigeria. …
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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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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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
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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The federal government is planning to borrow $2.8 billion to fund the deficit of the recently passed 2018 budget. Patience Oniha, director general of the Debt Management Office (DMO), made
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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
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