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 […]
Read More
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 […]
Read More
Investors appetite for the newly introduced Federal Government of Nigeria, FGN, Savings Bond (FGN-SB or Savings Bond) has eroded by 88 percent as at November, 2017. But the Debt Management Office (DMO), the issuers of the bond, and market analysts are divided over the performance. Vanguardngr analysis of the allotment results of the Bond from […]
Read More
