The Federal Government’s bond for the month of February worth ₦150 bln which was offered on Wednesday was oversubscribed by over ₦84 bln. The Debt Management Office disclosed on Thursday that the trend of oversubscription at the FGN bond auctions for the year continued, after the three instruments for five, seven and 10-year tenors, with […]
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Director-General, Debt Management Office, DMO, Ms. Patience Oniha, yesterday, indicated that the second tranche of ₦100 billion Sukuk bond would be floated before end of 2018. Sukuk or Islamic bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments on loans. Oniha told […]
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The financial markets ended last week with some optimism of revived demand for FGN bonds and treasury bills in the secondary market this week, anchored on expectation of increased excess liquidity in the interbank money market due to inflow of ₦364 billion from maturing treasury bills. Last week the decline in yields on FGN bonds […]
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The Debt Management Office (DMO) said the Federal Government’s bond auction for August conducted on Wednesday was oversubscribed by ₦10.09 billion. A statement issued in Abuja by the DMO on Thursday said ₦90 billion worth of bonds were offered in three tenors of five, seven and 10 years. “Allotments were made to successful bidders at […]
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The Debt Management Office has set the maximum limit of $6.25 billion (₦1.906 trillion) for the Federal Government’s borrowing in the 2018 fiscal year. The DMO, in the 2017 Report of the Annual National Debt Sustainability Analysis released on Wednesday, said the $6.25 billion was proposed to be sourced equally from the domestic and external […]
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The ₦60 billion Federal Government Bond put on offer yesterday by the Debt Management Office (DMO) was over-subscribed to the tune of ₦6.7 billion, with a total subscription of ₦66.7 billion. The over-subscription was a demonstration of a strong appetite for the federal government bonds by investors. June 2018 Bonds which were auctioned yesterday were […]
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The National Bureau of Statistics (NBS), says the Federal Government received a total of ₦263. 28 billion from the ₦635.55 billion Federation Account Allocation Committee (FAAC) disbursed to three tiers of government in February. The NBS made this known in FAAC for February 2018 Disbursement data posted on the bureau’s website. The states received a […]
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The Federal Government has made a total of ₦1.27 trillion from the payment of operating surpluses by its agencies in the 10 years of operation of the Fiscal Responsibility Act, investigation has shown. A table prepared by the Fiscal Responsibility Commission, entitled: ‘List of Schedule Corporations and Operating Surplus Remittance to FGN Consolidated Revenue Fund,’ […]
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Nigeria’s external reserves rose by $1.91 billion in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange reserves stood at $36.86bn as of December 14, up from $34.95 as of November 30, the latest data obtained from the CBN showed on Friday. The analysts at […]
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A new report has shown that Nigeria owes 51 per cent of its cumulative $15.35 per cent external debt to the World Bank Group. A report by FBN Capital research titled: ‘External Debt Ratios to Savour’ said the Federal Government of Nigeria’s (FGN’s) external debt obligations at end-September amounted to $15.35 billion, equivalent of 3.9 […]
Read More Scarcity of funds which pervaded the interbank money market towards end of last week will likely to deepens this week as the Debt Management Office (DMO) issues ₦135 billion worth of FGN bonds. Last week, the money market experienced acute scarcity of funds as the Central Bank of Nigeria (CBN) stepped up its liquidity mop […]
Read More The Debt Management Office (DMO) has raised ₦106 billion through the Federal Government of Nigeria (FGN) Bonds. The funds raised will support the implementation of the Federal Government’s ₦7.44 trillion 2017 budget, which has an allocation of ₦2.36 trillion to capital expenditure. The funds were raised after the DMO, in line with its mandate, conducted […]
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