Federal Government

FG records 30.5 pct shortfall in bond auction

The Federal Government, through the Debt Management Office, DMO, has recorded a ₦26.92 billion or 30.5 percent short fall from its targeted proceeds of ₦115 billion bond auction, which was part of moves to finance the 2018 budget. DMO disclosed this, yesterday, stating that the federal government has raised ₦88.08 billion at its bond auction […]

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Patience Oniha

FG to float 2nd tranche ₦100bn Sukuk bond before 2018 ends – DMO

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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