Again, August 2018 FG bond auction over-subscribed, says DMO
As the high inflation rate in the country has continued on deceleration trajectory as at end of July this year, surpassing government’s expectation of 12.4 per cent for the 2018 fiscal year, the Debt Management Office yesterday in its result for the Federal Government bond auction for August 2018...
Reality dawns as debts wobble under sustainability test
Nigeria failed the test conducted to determine its ability to sustain ongoing borrowings and their repayments in the next five and 10 years, an affirmation of the growing fears over increasing level of borrowings and huge costs incurred in servicing them.
Nigeria shines at EMEA awards in London, wins in three categories
Nigeria has won awards in three categories for its securities issuance activities in the domestic and international capital markets.A statement yesterday by the Director-General of Debt Management Office, Patience Oniha, said the awards were Best Sovereign Bond in Africa...
Public debt hits N21.7tr, rises by N4.365 trillion
The Nigerian government borrowed N4.365 trillion in 2017, bringing the country’s total debt stock to N21.725 trillion.
Nigeria eyes $2.5BN Eurobond sale in Q1 to refinance local debt
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters on Thursday.
WIFng partners United Capital to host dinner tomorrow
Women in Finance ng (WIFng) has announced its first 2018 Quarterly Dinner.WIFng is an advocacy, development and networking platform for women in the Nigerian financial sector and related areas.
DMO Director-General says federal government will reduce borrowing cost
The federal government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said. Ms. Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos. Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars Euro Bond…
NSE admits FGN $300 million Diaspora Bond, $3 billion Eurobonds
The Nigerian Stock Exchange’s daily official list swelled yesterday with the listing of the FGN 30 year $1.5 billion Euro Bond, FGN 10-year $1.5 billion Euro Bond and FGN 5-Year $300 million Diaspora Bond on its platform.
DMO set to redeems N198b NTB in December
The Debt Management Office (DMO) says it will repay the N198.03 billion Nigerian Treasury Bills fully at maturity in December 2017.