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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Patience Oniha
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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Oniha: Global market volatility affected Nigeria’s debt profile
Patience Oniha, director-general, Debt Management Office (DMO), says volatility in the international market affected Nigeria’s debt profile. Oniha made the remark during a presentation by the International Monetary Fund (IMF) The post Oniha: Global market volatility affected Nigeria’s debt profile appeared first on TheCable.
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
Oniha: FG working on ways to avoid debt crisis
Lagos reduces debt by $20m but retains highest foreign debt portfolio
Lagos has retained its position as the state with the highest foreign debt in the country, with a foreign debt put at $1.45 billion as at June 30. This is The post Lagos reduces debt by $20m but retains highest foreign debt portfolio appeared first on TheCable.
Lagos retains highest foreign debt portfolio – DMO
Lagos State, the commercial nerve-center of Nigeria, has retained its position as the state with the highest foreign debt in the country, with a foreign debt put at 1.45 billion dollars as at June 30. A document obtained from the Debt Management Office (DMO), on Wednesday in Abuja, titled: ‘States, Federal Capital Territory (FCT) andRead More
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